Why Is It Moving? Looking Into Why Applied Materials's Stock is Trading Higher Today

The Price And Volume Action In Applied Materials's Stock Today

Applied Materials's AMAT stock has been rising Tuesday, up 4.73% to a price of $120.43. The stock's current volume for the day is 5.62 million, which is approximately 63.84% of its previous 30-day average volume of 8.80 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Shares of several semiconductor and chip companies are trading higher, potentially as chip shortage concerns persists. Traders on Tuesday circulated a research report projecting PC DRAM contract prices are expected to increase in Q2.

Insights On Recent Price Action

The 50-day moving average price of Applied Materials's stock was $107.1 when this article was published. The stock reached a high of $124.5 and a low of $36.64 in the past 52 weeks.

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