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Shares of Broadcom Inc. (AVGO) shed 2.62% to $469.47 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. The stock's fall snapped a three-day winning streak. Broadcom Inc. closed $208.29 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 Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.03% to $65.00, NVIDIA Corp. (NVDA) fell 5.66% to $137.76, and Intel Corp. (INTC) fell 3.37% to $27.52. Trading volume (2.2 M) remained 293,049 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 16:38 ET (21:38 GMT)
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