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Why Lam Research Stock Popped 17.3% in October

TheMotleyFool

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Why Lam Research Stock Popped 17.3% in OctoberPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Lam Research (NASDAQ: LRCX) climbed 17.3% in October, according to data from S&P Global Market Intelligence, after the semiconductor solutions company announced better-than-expected fiscal first-quarter 2020 results.

Shares soared almost 14% on Oct. 24 alone, the first trading day after Lam's report hit the wires.

Image source: Getty Images.

Source Fool.com

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