Applied Materials Inc. Stock Advances 4.3%, Outperforms Peers

Dow Jones04:35

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

Shares of Applied Materials Inc. rallied 4.3% to $548.15 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.3% to 7,748.50 and the Dow Jones Industrial Average remaining mostly unchanged at 53,770.27.

This was the stock's second consecutive day of gains.

Applied Materials Inc. closed 25.9% below its 52-week high of $739.67, which the company achieved on June 30th.

The stock outperformed some of its peers, as Broadcom Inc. remained unchanged, Qualcomm Inc. rose 0.2% to $163.07, and Advanced Micro Devices Inc. rose 1.82% to $482.93.

Trading volume totaled 6.7 million, compared to the 50-day average of 10.0 million.

Data source: Dow Jones Market Data, FactSet

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