Tiger Brokers

Lam Research Corp. Stock Rallies 3.5%, Outperforms Peers

Dow Jones
1 hour ago

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

Shares of Lam Research Corp. advanced 3.5% to $340.10 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,666.45 and the Dow Jones Industrial Average remaining mostly unchanged at 50,926.56.

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

Lam Research Corp. closed 22.4% short of its 52-week high of $438.50, which the company achieved on June 30th.

The stock outperformed some of its peers, as Advanced Micro Devices Inc. rose 0.6% to $615.73, Applied Materials Inc. rose 3.5% to $529.30, and Analog Devices Inc. rose 1.99% to $404.60.

Trading volume totaled 8.5 million, compared to the 50-day average of 9.4 million.

Data source: Dow Jones Market Data, FactSet

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