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Shares of Broadcom Inc. (AVGO) rallied 4.06% to $639.86 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.63% to 4,709.85 and the Dow Jones Industrial Average rising 1.08% to 35,927.43. The stock's rise snapped a two-day losing streak. Broadcom Inc. closed $4.89 below its 52-week high ($644.75), which the company achieved on December 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 3.53% to $120.40, NVIDIA Corp. (NVDA) rose 7.49% to $304.59, and Intel Corp. (INTC) rose 1.95% to $50.67. Trading volume (2.9 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 15, 2021.
(END) Dow Jones Newswires
December 15, 2021 16:38 ET (21:38 GMT)
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