Among the biggest risers on the S&P 500 on Friday October 04 was KLA Corporation ($KLAC), popping some 2.64% to a price of $161.11 a share with some 1.16 million shares trading hands.
Starting the day trading at $157.64, KLA Corporation reached an intraday high of $161.29 and hit intraday lows of $157.47. Shares gained $4.15 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 158.46 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $80.65 to $162.68.
KLA Corp designs and manufactures yield-management and process-monitoring and control systems for the semiconductor industry. The systems are used to analyze the manufacturing process at various steps in a product’s development. The firm’s laser-scanning products are used for wafer qualification, process monitoring, and equipment monitoring. KLA also provides inspection tools and systems for optical metrology and e-beam metrology.
KLA Corporation has its corporate headquarters located in Milpitas, CA and employs 10,020 people. Its market cap has now risen to $25.53 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 9.6, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
