Lam Research Corp. closed 25.90% short of its 52-week high of $113.00, which the company achieved on July 11th.
This was the stock's second consecutive day of losses.
Lam Research's (NASDAQ:LRCX) stock is up by a considerable 10% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance.
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