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Shares of Broadcom Inc. (AVGO) rallied 1.71% to $537.07 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.37% to 4,630.65 and the Dow Jones Industrial Average rising 0.39% to 36,052.63. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $536.07, which the company reached on October 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.01% to $114.11, NVIDIA Corp. (NVDA) rose 2.22% to $264.01, and Intel Corp. (INTC) rose 0.63% to $49.86. Trading volume (1.6 M) remained 13,902 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2021.
(END) Dow Jones Newswires
November 02, 2021 16:38 ET (20:38 GMT)
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