This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Lam Research Corp. shed 6.3% to $307.17 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,707.98 and the Dow Jones Industrial Average rising 0.2% to 53,463.05.
This was the stock's second consecutive day of losses.
Lam Research Corp. closed 29.9% below its 52-week high of $438.50, which the company reached on June 30th.
The stock underperformed when compared to some of its peers, as Advanced Micro Devices Inc. fell 3.7% to $466.42, Applied Materials Inc. fell 3.5% to $496.17, and Analog Devices Inc. fell 0.89% to $373.26.
Trading volume totaled 9.9 million, compared to the 50-day average of 12.3 million.
Data source: Dow Jones Market Data, FactSet