KLA Corp. Stock Sheds 9.5%, Underperforms Peers

Dow Jones04:34

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

Shares of KLA Corp. slid 9.5% to $147.83 on what proved to be an all-around poor trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 52,867.98 and the S&P 500 Index falling 1.2% to 7,663.43.

KLA Corp. closed 51.9% below its 52-week high of $307.37, which the company reached on June 30th.

The stock underperformed when compared to some of its peers, as Applied Materials Inc. fell 8.2% to $375.58, Analog Devices Inc. fell 5.0% to $385.76, and Marvell Technology Inc. fell 8.70% to $223.47.

Trading volume totaled 20.6 million, compared to the 50-day average of 9.5 million.

Data source: Dow Jones Market Data, FactSet

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