Shares of Lam Research Corp.
LRCX,
rallied 3.46% to $523.30 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
rising 1.84% to 4,176.82 and the Dow Jones Industrial Average
DJIA,
rising 1.33% to 33,248.28. The stock’s rise snapped a two-day losing streak. Lam Research Corp. closed $208.55 short of its 52-week high ($731.85), which the company reached on January 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Applied Materials Inc.
AMAT,
rose 2.51% to $117.33, KLA Corp.
KLAC,
rose 4.14% to $371.77, and ASM International N.V.
ASMIY,
rose 3.95% to $318.50. Trading volume (1.2 M) remained 210,485 below its 50-day average volume of 1.4 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.
Read More: Lam Research Corp. stock rises Thursday, outperforms market