Broadcom Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Broadcom Inc. (AVGO) inched 0.44% higher to $517.44 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. This was the stock's third consecutive day of gains. Broadcom Inc. closed $160.32 short of its 52-week high ($677.76), which the company achieved on December 28th.
The stock outperformed some of its competitors Monday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 2.84% to $79.93, NVIDIA Corp. (NVDA) fell 0.60% to $153.17, and Intel Corp. (INTC) fell 3.11% to $28.94. Trading volume (1.8 M) remained 572,655 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.
(END) Dow Jones Newswires
November 21, 2022 16:38 ET (21:38 GMT)
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