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Shares of Broadcom Inc. (AVGO) inched 0.60% higher to $515.16 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's second consecutive day of gains. Broadcom Inc. closed $162.60 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 Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 0.97% to $82.27, NVIDIA Corp. (NVDA) fell 1.71% to $154.09, and Intel Corp. (INTC) fell 0.07% to $29.87. Trading volume (1.5 M) remained 987,117 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.
(END) Dow Jones Newswires
November 18, 2022 16:38 ET (21:38 GMT)
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