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Shares of Broadcom Inc. (AVGO) dropped 0.68% to $528.05 Monday, 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 4,613.67 and the Dow Jones Industrial Average rising 0.26% to 35,913.84. The stock's fall snapped a two-day winning streak. Broadcom Inc. closed $8.02 below its 52-week high ($536.07), which the company reached on October 27th.
The stock underperformed when compared to some of its competitors Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 0.37% to $114.12, NVIDIA Corp. (NVDA) rose 1.02% to $258.27, and Intel Corp. (INTC) rose 1.12% to $49.55. Trading volume (1.7 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2021.
(END) Dow Jones Newswires
November 01, 2021 16:39 ET (20:39 GMT)
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