Applied Materials Inc. Stock Underperforms Monday When Compared To Competitors
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Applied Materials Inc. (AMAT) shares fell 5.28% to $413.57 on Monday, marking its second consecutive day of losses. The stock is now 7.78% below its 52-week high of $448.45. In comparison, competitors like Broadcom Inc. (AVGO) and Qualcomm Inc. (QCOM) had mixed performances, with AVGO down 1.05% and QCOM up 1.07%. Trading volume for AMAT was 8.2 million, surpassing its 50-day average of 6.7 million.
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