Broadcom Inc. Stock Falls Monday, Underperforms Market
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Shares of Broadcom Inc. (AVGO) shed 1.59% to $621.66 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.91% to 4,668.97 and Dow Jones Industrial Average falling 0.89% to 35,650.95. Broadcom Inc. closed $23.09 below its 52-week high ($644.75), which the company reached on December 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 2.27% to $116.42, NVIDIA Corp. (NVDA) fell 6.75% to $281.61, and Intel Corp. (INTC) fell 1.17% to $50.00. Trading volume (2.7 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 13, 2021.
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December 13, 2021 16:39 ET (21:39 GMT)
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