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Shares of Broadcom Inc. (AVGO) slumped 0.31% to $663.32 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.64% to 4,796.56 and the Dow Jones Industrial Average rising 0.68% to 36,585.06. Broadcom Inc. closed $14.44 below its 52-week high ($677.76), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 7.06% to $128.80, NVIDIA Corp. (NVDA) rose 2.41% to $301.21, and Intel Corp. (INTC) rose 3.32% to $53.21. Trading volume (2.2 M) eclipsed its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 3, 2022.
(END) Dow Jones Newswires
January 03, 2022 16:39 ET (21:39 GMT)
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