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Shares of Broadcom Inc. (AVGO) shed 3.99% to $597.19 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.42% to 4,659.03 and Dow Jones Industrial Average falling 0.49% to 36,113.62. This was the stock's second consecutive day of losses. Broadcom Inc. closed $80.57 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 Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 5.26% to $139.19, NVIDIA Corp. (NVDA) fell 5.09% to $265.75, and Intel Corp. (INTC) fell 1.44% to $54.94. 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 13, 2022.
(END) Dow Jones Newswires
January 13, 2022 16:38 ET (21:38 GMT)
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