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Shares of Applied Materials Inc. (AMAT) shed 2.77% to $132.00 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.18% to 4,574.79 and the Dow Jones Industrial Average rising 0.04% to 35,756.88. This was the stock's second consecutive day of losses. Applied Materials Inc. closed $14.00 below its 52-week high ($146.00), which the company achieved on April 5th.
The stock underperformed when compared to some of its competitors Tuesday, as ASML Holding N.V. (ASML.AE) rose 0.35% to $791.23, Lam Research Corp. (LRCX) fell 0.55% to $548.94, and Synopsys Inc. (SNPS) rose 1.24% to $328.03. Trading volume (7.8 M) eclipsed its 50-day average volume of 6.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 26, 2021.
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