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Shares of Broadcom Inc. (AVGO) slipped 2.81% to $619.15 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.41% to 4,677.03 and Dow Jones Industrial Average falling 0.01% to 36,231.66. This was the stock's third consecutive day of losses. Broadcom Inc. closed $58.61 short of its 52-week high ($677.76), which the company reached on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 3.87% to $123.50, NVIDIA Corp. (NVDA) fell 3.30% to $272.47, and Intel Corp. (INTC) fell 1.06% to $53.44. Trading volume (2.8 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 7, 2022.
(END) Dow Jones Newswires
January 07, 2022 16:39 ET (21:39 GMT)
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