Applied Materials Inc. Stock Slides 4.3%, Underperforms Peers
Dow Jones2026/08/28 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Applied Materials Inc. slipped 4.3% to $461.67 on what proved to be an all-around rough trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 53,559.99 and the S&P 500 Index falling 0.2% to 7,711.76.
Applied Materials Inc. closed 37.6% below its 52-week high of $739.67, which the company achieved on June 30th.
The stock underperformed when compared to some of its peers, as Broadcom Inc. fell 0.7% to $368.79, Qualcomm Inc. fell 0.4% to $164.19, and Advanced Micro Devices Inc. fell 2.33% to $465.58.
Trading volume totaled 6.4 million, compared to the 50-day average of 9.5 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 28, 2026 16:35 ET (20:35 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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