Lam Research Corp. Stock Falls 4.9%, Underperforms Market
Dow Jones2026/10/16 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Lam Research Corp. slipped 4.9% to $263.94 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.1% to 7,659.44 and Dow Jones Industrial Average falling 0.3% to 52,002.41.
This was the stock's 10th consecutive day of losses.
Lam Research Corp. closed 39.8% short of its 52-week high of $438.50, which the company achieved on June 30th.
The stock demonstrated a mixed performance when compared to some of its peers, as Advanced Micro Devices Inc. fell 6.0% to $528.75, Applied Materials Inc. fell 4.8% to $409.29, and Analog Devices Inc. fell 2.11% to $395.44.
Trading volume totaled 11.3 million, compared to the 50-day average of 8.4 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 16, 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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