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Shares of Broadcom Inc. (AVGO) inched 0.91% higher to $574.81 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.34% to 4,704.54 and the Dow Jones Industrial Average falling 0.17% to 35,870.95. This was the stock's sixth consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $571.36, which the company reached on November 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 3.64% to $123.39, NVIDIA Corp. (NVDA) rose 8.25% to $316.75, and Intel Corp. (INTC) fell 1.09% to $49.68. Trading volume (1.3 M) remained 373,500 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2021.
(END) Dow Jones Newswires
November 18, 2021 16:38 ET (21:38 GMT)
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