Published on 1 Dec 2021 on Market Watch
KLA Corp. stock outperforms market despite losses on the day
Shares of KLA Corp. slipped 1.38% to $408.13 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.90% to 4,567.00 and Dow Jones Industrial Average falling 1.86% to 34,483.72. KLA Corp. closed $19.11 short of its 52-week high ($427.24), which the company achieved on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as ASML Holding N.V. fell 2.88% to $791.51, Applied Materials Inc. fell 2.66% to $147.19, and Lam Research Corp. fell 0.10% to $679.85. Trading volume (1.5 M) eclipsed its 50-day average volume of 1.0 M.