DJ Applied Materials Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Applied Materials Inc. $(AMAT)$ slipped 2.42% to $161.44 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.04% to 42,342.24 and the S&P 500 Index falling 0.09% to 5,867.08.
This was the stock's second consecutive day of losses.
Applied Materials Inc. closed $94.45 below its 52-week high ($255.89), which the company reached on July 10th.
The stock underperformed when compared to some of its competitors Thursday, as Broadcom Inc. $(AVGO)$ fell 2.37% to $218.32, Qualcomm Inc. $(QCOM)$ fell 1.73% to $150.40, and Advanced Micro Devices Inc. $(AMD)$ fell 2.08% to $118.88.
Trading volume (8.5 M) eclipsed its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2024.
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(END) Dow Jones Newswires
December 19, 2024 16:40 ET (21:40 GMT)
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