Tiger Brokers

Lam Research Corp. Stock Slides 7.5%, Outperforms Peers

Dow Jones
Jul 29

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

Shares of Lam Research Corp. slid 7.5% to $269.61 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,428.78 and the Dow Jones Industrial Average rising 1.0% to 52,747.32.

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

Lam Research Corp. closed 38.5% short of its 52-week high of $438.50, which the company achieved on June 30th.

The stock demonstrated a mixed performance when compared to some of its peers, as Advanced Micro Devices Inc. fell 8.1% to $454.62, Applied Materials Inc. fell 7.8% to $476.46, and Analog Devices Inc. fell 1.63% to $365.83.

Trading volume totaled 16.0 million, compared to the 50-day average of 11.7 million.

Data source: Dow Jones Market Data, FactSet

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