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Shares of Broadcom Inc. (AVGO) advanced 2.26% to $533.87 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.18% to 4,574.79 and the Dow Jones Industrial Average rising 0.04% to 35,756.88. This was the stock's fourth consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $524.50, which the company reached on October 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 0.48% to $114.18, NVIDIA Corp. (NVDA) rose 6.70% to $247.17, and Intel Corp. (INTC) fell 2.29% to $48.28. Trading volume (2.3 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 26, 2021.
(END) Dow Jones Newswires
October 26, 2021 16:38 ET (20:38 GMT)
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