Lam Research Corp. stock falls Tuesday, underperforms market

This post was originally published on this site

Shares of Lam Research Corp. LRCX, -1.02% slid 1.02% to $546.78 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.24% falling 0.24% to 4,350.65 and Dow Jones Industrial Average DJIA, -0.34% falling 0.34% to 34,378.34. Lam Research Corp. closed $127.02 short of its 52-week high ($673.80), which the company achieved on June 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Applied Materials Inc. AMAT, -0.58% fell 0.58% to $126.76, KLA Corp. KLAC, -1.74% fell 1.74% to $319.55, and ASM International N.V. ASMIY, -0.65% fell 0.65% to $362.93. Trading volume (1.3 M) eclipsed its 50-day average volume of 1.2 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.