Broadcom Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Broadcom Inc. (AVGO) shed 2.88% to $547.72 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.10% to 4,482.73 and Dow Jones Industrial Average falling 0.89% to 34,715.39. This was the stock's sixth consecutive day of losses. Broadcom Inc. closed $130.04 short of its 52-week high ($677.76), which the company achieved 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) fell 2.05% to $128.33, NVIDIA Corp. (NVDA) fell 3.66% to $241.50, and Intel Corp. (INTC) fell 2.95% to $52.04. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 20, 2022.
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January 20, 2022 16:38 ET (21:38 GMT)
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