Tiger Brokers

Applied Materials Inc. Stock Climbs 5.5%, Outperforms Peers

Dow Jones
Aug 18

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

Shares of Applied Materials Inc. advanced 5.5% to $535.31 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.5% to 7,745.06 and Dow Jones Industrial Average falling 0.5% to 53,459.78.

The stock's rise snapped a two-day losing streak.

Applied Materials Inc. closed 27.6% below its 52-week high of $739.67, which the company achieved on June 30th.

The stock outperformed some of its peers, as Broadcom Inc. fell 0.1% to $392.43, Qualcomm Inc. fell 2.2% to $162.18, and Advanced Micro Devices Inc. fell 1.63% to $506.00.

Trading volume totaled 8.6 million, compared to the 50-day average of 10.1 million.

Data source: Dow Jones Market Data, FactSet

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