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Shares of Broadcom Inc. (AVGO) inched 0.32% higher to $621.16 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,670.29 and Dow Jones Industrial Average falling 0.45% to 36,068.87. The stock's rise snapped a three-day losing streak. Broadcom Inc. closed $56.60 below its 52-week high ($677.76), which the company achieved on December 28th.
The stock underperformed when compared to some of its competitors Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 1.22% to $125.01, NVIDIA Corp. (NVDA) rose 0.56% to $274.00, and Intel Corp. (INTC) rose 3.31% to $55.21. Trading volume (3.0 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2022.
(END) Dow Jones Newswires
January 10, 2022 16:39 ET (21:39 GMT)
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