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Shares of Broadcom Inc. (AVGO) slipped 0.94% to $513.22 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.89% to 3,957.25 and Dow Jones Industrial Average falling 0.63% to 33,536.70. The stock's fall snapped a two-day winning streak. Broadcom Inc. closed $164.54 below 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 Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 1.40% to $72.80, NVIDIA Corp. (NVDA) fell 0.20% to $162.95, and Intel Corp. (INTC) fell 0.26% to $30.35. Trading volume (1.9 M) remained 535,696 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2022.
(END) Dow Jones Newswires
November 14, 2022 16:38 ET (21:38 GMT)
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