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Shares of Broadcom Inc. (AVGO) rose 1.39% to $655.20 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.02% to 4,696.56 and the Dow Jones Industrial Average rising 0.74% to 35,753.89. This was the stock's fourth consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $649.47, which the company reached on December 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 3.29% to $121.30, NVIDIA Corp. (NVDA) rose 1.12% to $294.00, and Intel Corp. (INTC) rose 0.39% to $50.97. Trading volume (2.8 M) eclipsed its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 22, 2021.
(END) Dow Jones Newswires
December 22, 2021 16:39 ET (21:39 GMT)
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