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Shares of Broadcom Inc. (AVGO) slid 0.01% to $622.00 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.28% to 4,726.35 and the Dow Jones Industrial Average rising 0.11% to 36,290.32. The stock's fall snapped a two-day winning streak. Broadcom Inc. closed $55.76 below 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 Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 2.37% to $132.23, NVIDIA Corp. (NVDA) rose 0.65% to $279.99, and Intel Corp. (INTC) fell 0.30% to $55.74. Trading volume (1.9 M) remained 360,779 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2022.
(END) Dow Jones Newswires
January 12, 2022 16:39 ET (21:39 GMT)
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