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Shares of Broadcom Inc. (AVGO) advanced 2.30% to $634.96 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.03% to 4,620.64 and Dow Jones Industrial Average falling 1.48% to 35,365.44. Broadcom Inc. closed $9.79 short of its 52-week high ($644.75), which the company achieved on December 10th.
The stock outperformed some of its competitors Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.21% to $116.32, NVIDIA Corp. (NVDA) fell 2.06% to $278.01, and Intel Corp. (INTC) fell 0.41% to $50.62. Trading volume (5.0 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 17, 2021.
(END) Dow Jones Newswires
December 17, 2021 16:38 ET (21:38 GMT)
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