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Shares of Broadcom Inc. (AVGO) inched 0.53% higher to $568.77 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.39% to 4,700.90 and the Dow Jones Industrial Average rising 0.15% to 36,142.22. This was the stock's fourth consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $567.69, which the company reached on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.03% to $118.08, NVIDIA Corp. (NVDA) rose 0.59% to $302.03, and Intel Corp. (INTC) rose 0.58% to $50.61. Trading volume (1.3 M) remained 335,174 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2021.
(END) Dow Jones Newswires
November 16, 2021 16:38 ET (21:38 GMT)
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