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Shares of Broadcom Inc. (AVGO) inched 0.99% higher to $542.37 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.65% to 4,660.57 and the Dow Jones Industrial Average rising 0.29% to 36,157.58. This was the stock's second consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $540.82, which the company reached on November 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.09% to $114.01, NVIDIA Corp. (NVDA) rose 0.75% to $265.98, and Intel Corp. (INTC) rose 1.06% to $50.39. Trading volume (1.3 M) remained 367,404 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2021.
(END) Dow Jones Newswires
November 03, 2021 16:39 ET (20:39 GMT)
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