Tiger Brokers

KLA Corp. Stock Falls 4.5%, Underperforms Peers

Dow Jones
8 hours ago

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

Shares of KLA Corp. shed 4.5% to $197.46 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.6% to 7,818.93 and the Dow Jones Industrial Average rising 0.5% to 51,521.28.

This was the stock's second consecutive day of losses.

KLA Corp. closed 35.8% 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 2.2% to $530.27, Analog Devices Inc. rose 0.3% to $420.55, and Marvell Technology Inc. rose 5.81% to $287.01.

Trading volume totaled 9.4 million, compared to the 50-day average of 10.1 million.

Data source: Dow Jones Market Data, FactSet

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