Tiger Brokers

Applied Materials Inc. Stock Rallies 5.2%, Outperforms Peers

Dow Jones
Yesterday

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

Shares of Applied Materials Inc. rallied 5.2% to $512.01 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.2% to 7,670.84 and Dow Jones Industrial Average falling 0.3% to 51,349.92.

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

Applied Materials Inc. closed 30.8% short of its 52-week high of $739.67, which the company reached on June 30th.

The stock outperformed some of its peers, as Broadcom Inc. rose 1.6% to $355.10, Qualcomm Inc. fell 1.8% to $184.10, and Advanced Micro Devices Inc. remained unchanged.

Trading volume totaled 7.1 million, compared to the 50-day average of 7.0 million.

Data source: Dow Jones Market Data, FactSet

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