Applied Materials Inc. Stock Sheds 7.8%, Underperforms Peers

Dow Jones04:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Applied Materials Inc. slipped 7.8% to $476.46 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,428.78 and the Dow Jones Industrial Average rising 1.0% to 52,747.32.

This was the stock's third consecutive day of losses.

Applied Materials Inc. closed 35.6% short of its 52-week high of $739.67, which the company reached on June 30th.

The stock demonstrated a mixed performance when compared to some of its peers, as Broadcom Inc. fell 0.6% to $380.91, Qualcomm Inc. fell 4.2% to $162.88, and Advanced Micro Devices Inc. fell 8.15% to $454.62.

Trading volume totaled 9.8 million, compared to the 50-day average of 10.1 million.

Data source: Dow Jones Market Data, FactSet

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