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Shares of Broadcom Inc. (AVGO) shed 2.61% to $444.12 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.06% to 3,719.89 and Dow Jones Industrial Average falling 0.46% to 32,001.25. This was the stock's fourth consecutive day of losses. Broadcom Inc. closed $233.64 short of its 52-week high ($677.76), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.40% to $60.28, NVIDIA Corp. (NVDA) rose 1.53% to $134.21, and Intel Corp. (INTC) fell 0.11% to $27.39. Trading volume (2.4 M) remained 42,075 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2022.
(END) Dow Jones Newswires
November 03, 2022 16:39 ET (20:39 GMT)
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