Broadcom Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Broadcom Inc. (AVGO) inched 0.78% higher to $460.07 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.63% to 3,859.11 and the Dow Jones Industrial Average rising 1.07% to 31,836.74. This was the stock's third consecutive day of gains. Broadcom Inc. closed $217.69 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 Tuesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.24% to $61.14, NVIDIA Corp. (NVDA) rose 5.25% to $132.61, and Intel Corp. (INTC) rose 0.85% to $27.41. Trading volume (1.8 M) remained 558,982 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 25, 2022.
(END) Dow Jones Newswires
October 25, 2022 16:39 ET (20:39 GMT)
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