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Shares of Broadcom Inc. (AVGO) rose 1.51% to $456.52 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.19% to 3,797.34 and the Dow Jones Industrial Average rising 1.34% to 31,499.62. This was the stock's second consecutive day of gains. Broadcom Inc. closed $221.24 short of its 52-week high ($677.76), which the company reached on December 28th.
The stock outperformed some of its competitors Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 3.86% to $61.29, NVIDIA Corp. (NVDA) rose 1.07% to $125.99, and Intel Corp. (INTC) rose 0.78% to $27.18. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 24, 2022.
(END) Dow Jones Newswires
October 24, 2022 16:39 ET (20:39 GMT)
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