Broadcom Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Broadcom Inc. (AVGO) slipped 0.47% to $467.90 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.41% to 3,856.10 and Dow Jones Industrial Average falling 0.24% to 32,653.20. This was the stock's second consecutive day of losses. Broadcom Inc. closed $209.86 short of its 52-week high ($677.76), which the company achieved on December 28th.
The stock underperformed when compared to some of its competitors Tuesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 0.05% to $61.58, NVIDIA Corp. (NVDA) rose 0.34% to $135.43, and Intel Corp. (INTC) fell 0.46% to $28.30. Trading volume (1.6 M) remained 778,828 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2022.
(END) Dow Jones Newswires
November 01, 2022 16:39 ET (20:39 GMT)
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