So What's Going On With Lam Research Shares Today?


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Shares of semiconductor stocks, including Lam Research Corporation (NASDAQ:LRCX), are trading higher in sympathy with QUALCOMM, Inc. (NASDAQ:QCOM), which reported better-than-expected second-quarter EPS and sales results.

Qualcomm reported fiscal second-quarter revenue of $11.16 billion, which beat the $10.6 billion estimate. The company reported quarterly adjusted earnings of $3.21 per share, which beat the estimate of $2.91 per share…Read More

See Also: Why Pinterest Shares Are Moving Higher Today

Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition and clean markets, which are key steps in the semiconductor manufacturing process.

According to data from Benzinga Pro, Lam Research is trading higher by 7.01% at $488.82. Lam Research has a 52-week high of $731.85 and a 52-week low of $449.50.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: MoversTrading Ideaswhy it's moving