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Shares of Broadcom Inc. (AVGO) rallied 1.15% to $548.62 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.42% to 4,680.06 and the Dow Jones Industrial Average falling 0.09% to 36,124.23. This was the stock's third consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $543.80, which the company achieved on November 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 3.32% to $117.79, NVIDIA Corp. (NVDA) rose 12.04% to $298.01, and Intel Corp. (INTC) rose 0.53% to $50.31. Trading volume (1.6 M) remained 101,335 below its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 4, 2021.
(END) Dow Jones Newswires
November 04, 2021 16:38 ET (20:38 GMT)
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