Broadcom Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Broadcom Inc. (AVGO) shed 0.78% to $669.00 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.26% to 36,398.21 and the S&P 500 Index falling 0.10% to 4,786.35. The stock's fall snapped a six-day winning streak. Broadcom Inc. closed $7.30 below its 52-week high ($676.30), which the company achieved on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.52% to $122.06, NVIDIA Corp. (NVDA) fell 2.01% to $303.22, and Intel Corp. (INTC) fell 0.35% to $51.76. Trading volume (1.7 M) remained 449,643 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2021.
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December 28, 2021 16:39 ET (21:39 GMT)
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