Applied Materials Inc. Stock Rises 4.4%, Outperforms Market

Dow Jones04:34

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

Shares of Applied Materials Inc. rose 4.4% to $464.24 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.5% to 7,764.70 and the Dow Jones Industrial Average rising 0.7% to 52,048.83.

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

Applied Materials Inc. closed 37.2% short of its 52-week high of $739.67, which the company achieved on June 30th.

The stock demonstrated a mixed performance when compared to some of its peers, as Broadcom Inc. rose 1.6% to $362.66, Qualcomm Inc. rose 9.3% to $194.23, and Advanced Micro Devices Inc. rose 9.95% to $615.52.

Trading volume totaled 9.1 million, compared to the 50-day average of 7.3 million.

Data source: Dow Jones Market Data, FactSet

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