Broadcom Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Broadcom Inc. (AVGO) slid 2.42% to $511.73 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.83% to 3,958.79 and Dow Jones Industrial Average falling 0.12% to 33,553.83. Broadcom Inc. closed $166.03 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 1.26% to $79.45, NVIDIA Corp. (NVDA) fell 4.54% to $159.10, and Intel Corp. (INTC) fell 3.84% to $29.53. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2022.
(END) Dow Jones Newswires
November 16, 2022 16:38 ET (21:38 GMT)
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