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Shares of Broadcom Inc. (AVGO) sank 0.20% to $509.39 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.37% to 4,536.19 and the Dow Jones Industrial Average rising 0.43% to 35,609.34. The stock's fall snapped a four-day winning streak. Broadcom Inc. closed $1.48 below its 52-week high ($510.87), which the company achieved on October 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 1.17% to $115.59, NVIDIA Corp. (NVDA) fell 0.84% to $221.03, and Intel Corp. (INTC) rose 0.29% to $55.37. Trading volume (1.3 M) remained 213,127 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 20, 2021.
(END) Dow Jones Newswires
October 20, 2021 16:38 ET (20:38 GMT)
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