DJ Applied Materials Inc. Stock Rises Monday, Outperforms Market
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Shares of Applied Materials Inc. $(AMAT)$ inched 0.31% higher to $150.81 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.20% to 4,550.43 and Dow Jones Industrial Average falling 0.16% to 35,333.47.
This was the stock's third consecutive day of gains.
Applied Materials Inc. closed $6.95 below its 52-week high ($157.76), which the company reached on November 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ fell 2.92% to $950.24, Qualcomm Inc. $(QCOM)$ rose 0.35% to $128.20, and Advanced Micro Devices Inc. $(AMD)$ rose 0.28% to $122.65.
Trading volume (3.4 M) remained 2.5 million below its 50-day average volume of 5.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 27, 2023.
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(END) Dow Jones Newswires
November 27, 2023 16:40 ET (21:40 GMT)
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