Lam Research Corp. Stock Climbs 18.0%, Outperforms Peers

Dow Jones
17 hours ago

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

Shares of Lam Research Corp. surged 18.0% to $297.72 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.7% to 7,437.63 and the Dow Jones Industrial Average rising 1.2% to 52,208.06.

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

Lam Research Corp. closed 32.1% short of 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 13.0% to $485.39, Applied Materials Inc. rose 15.0% to $501.77, and Analog Devices Inc. rose 3.76% to $366.67.

Trading volume totaled 21.9 million, compared to the 50-day average of 12.0 million.

Data source: Dow Jones Market Data, FactSet

 

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