Applied Materials Inc. Stock Slides 7.5%, Underperforms Market

Dow Jones10-31 04:34

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

Shares of Applied Materials Inc. shed 7.5% to $390.09 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.8% to 7,580.07 and Dow Jones Industrial Average falling 1.1% to 51,770.31.

The stock's fall snapped a five-day winning streak.

Applied Materials Inc. closed 47.3% 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. fell 5.5% to $326.08, Qualcomm Inc. fell 11.1% to $164.79, and Advanced Micro Devices Inc. fell 10.88% to $504.80.

Trading volume totaled 10.2 million, compared to the 50-day average of 6.6 million.

Data source: Dow Jones Market Data, FactSet

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