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Shares of Broadcom Inc. (AVGO) inched 0.54% higher to $672.61 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.14% to 4,793.06 and the Dow Jones Industrial Average rising 0.25% to 36,488.63. Broadcom Inc. closed $5.15 short of its 52-week high ($677.76), which the company achieved on December 28th.
The stock outperformed some of its competitors Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.53% to $121.41, NVIDIA Corp. (NVDA) fell 1.06% to $300.01, and Intel Corp. (INTC) rose 0.14% to $51.83. Trading volume (1.4 M) remained 689,206 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 29, 2021.
(END) Dow Jones Newswires
December 29, 2021 16:39 ET (21:39 GMT)
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