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Shares of Broadcom Inc. (AVGO) inched 0.07% higher to $512.11 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. Broadcom Inc. closed $165.65 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 Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 2.56% to $81.48, NVIDIA Corp. (NVDA) fell 1.46% to $156.77, and Intel Corp. (INTC) rose 1.22% to $29.89. Trading volume (2.0 M) remained 431,965 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 16:38 ET (21:38 GMT)
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