Tiger Brokers

Lam Research Corp. Stock Advances 5.1%, Outperforms Peers

Dow Jones
Sep 05

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

Shares of Lam Research Corp. advanced 5.1% to $307.65 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.4% to 7,718.60 and Dow Jones Industrial Average falling 0.5% to 53,414.25.

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

Lam Research Corp. closed 29.8% below its 52-week high of $438.50, which the company reached on June 30th.

The stock outperformed some of its peers, as Advanced Micro Devices Inc. rose 4.7% to $477.57, Applied Materials Inc. rose 4.3% to $454.71, and Analog Devices Inc. rose 1.61% to $362.25.

Trading volume totaled 8.3 million, compared to the 50-day average of 10.6 million.

Data source: Dow Jones Market Data, FactSet

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