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Shares of Broadcom Inc. (AVGO) shed 2.54% to $456.03 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. This was the stock's third consecutive day of losses. Broadcom Inc. closed $221.73 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 Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 1.72% to $60.52, NVIDIA Corp. (NVDA) fell 2.39% to $132.19, and Intel Corp. (INTC) fell 3.11% to $27.42. Trading volume (2.1 M) remained 354,133 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 16:39 ET (20:39 GMT)
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