DJ Lam Research Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of Lam Research Corp. $(LRCX)$ advanced 2.60% to $75.06 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.43% to 5,631.28 and the Dow Jones Industrial Average rising 0.70% to 41,113.97.
The stock's rise snapped a two-day losing streak.
Lam Research Corp. closed 33.58% short of its 52-week high of $113.00, which the company achieved on July 11th.
The stock outperformed some of its competitors Wednesday, as Advanced Micro Devices Inc. $(AMD)$ rose 1.76% to $100.36, Applied Materials Inc. $(AMAT)$ rose 1.82% to $155.81, and Analog Devices Inc. $(ADI)$ rose 2.18% to $199.86.
Trading volume (9.2 M) remained 4.5 million below its 50-day average volume of 13.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2025.
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(END) Dow Jones Newswires
May 07, 2025 16:40 ET (20:40 GMT)
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