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Shares of Broadcom Inc. (AVGO) slipped 1.06% to $568.72 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,697.96 and Dow Jones Industrial Average falling 0.75% to 35,601.98. The stock's fall snapped a six-day winning streak. Broadcom Inc. closed $8.01 below its 52-week high ($576.73), which the company achieved on November 18th.
The stock underperformed when compared to some of its competitors Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 0.71% to $124.26, NVIDIA Corp. (NVDA) rose 4.14% to $329.85, and Intel Corp. (INTC) fell 0.32% to $49.52. Trading volume (1.9 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 19, 2021.
(END) Dow Jones Newswires
November 19, 2021 16:38 ET (21:38 GMT)
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