Applied Materials Inc. Stock Sheds 5.1%, Underperforms Market

Dow Jones04:34

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

Shares of Applied Materials Inc. slipped 5.1% to $507.18 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.2% to 7,785.76 and Dow Jones Industrial Average falling 0.2% to 53,732.41.

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

Applied Materials Inc. closed 31.4% below its 52-week high of $739.67, which the company achieved on June 30th.

The stock demonstrated a mixed performance when compared to some of its peers, as Broadcom Inc. fell 5.9% to $392.99, Qualcomm Inc. rose 0.6% to $165.79, and Advanced Micro Devices Inc. rose 6.50% to $514.39.

Trading volume totaled 12.5 million, compared to the 50-day average of 10.1 million.

Data source: Dow Jones Market Data, FactSet

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