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Shares of Applied Materials Inc. rallied 7.39% to $564.55 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.89% to 7,509.20 and the Dow Jones Industrial Average rising 0.74% to 52,224.64.
The stock's rise snapped a four-day losing streak.
Applied Materials Inc. closed 23.68% 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 competitors Tuesday, as Broadcom Inc. rose 2.21% to $386.50, Qualcomm Inc. rose 1.87% to $173.50, and Advanced Micro Devices Inc. rose 8.11% to $544.43.
Trading volume (7.6 M) remained 2.7 million below its 50-day average volume of 10.3 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.
