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Shares of Broadcom Inc. (AVGO) advanced 1.29% to $522.07 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.47% to 4,566.48 and the Dow Jones Industrial Average rising 0.18% to 35,741.15. This was the stock's third consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $521.38, which the company reached on October 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.52% to $113.64, NVIDIA Corp. (NVDA) rose 1.94% to $231.66, and Intel Corp. (INTC) fell 0.10% to $49.41. Trading volume (1.2 M) remained 365,318 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 25, 2021.
(END) Dow Jones Newswires
October 25, 2021 16:38 ET (20:38 GMT)
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