Broadcom Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Broadcom Inc. (AVGO) shed 0.14% to $596.37 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.08% to 4,662.85 and the Dow Jones Industrial Average falling 0.56% to 35,911.81. This was the stock's third consecutive day of losses. Broadcom Inc. closed $81.39 below its 52-week high ($677.76), which the company achieved on December 28th.
The stock underperformed when compared to some of its competitors Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 1.06% to $140.66, NVIDIA Corp. (NVDA) rose 1.38% to $269.42, and Intel Corp. (INTC) rose 1.38% to $55.70. Trading volume (2.6 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 14, 2022.
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January 14, 2022 16:39 ET (21:39 GMT)
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