This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Lam Research Corp. slipped 8.3% to $273.49 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.5% to 7,619.98 and Dow Jones Industrial Average falling 0.3% to 52,421.20.
Lam Research Corp. closed 37.6% short of 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 4.4% to $493.41, Applied Materials Inc. fell 7.1% to $424.21, and Analog Devices Inc. fell 4.69% to $361.02.
Trading volume totaled 13.1 million, compared to the 50-day average of 9.7 million.
Data source: Dow Jones Market Data, FactSet