Broadcom Inc. Stock Outperforms Market On Strong Trading Day

RPC Inc

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Energy : Energy Equipment & Services | Small Cap Growth

Company profile

RPC, Inc. is a holding company of Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. The Company provides a range of oilfield services and equipment primarily to independent and oilfield companies, which is engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. It has two segments. Technical Services segment includes its oil and gas services, which utilizes people and equipment to perform value-added completion, production and maintenance services directly to a customer well. Support Services segment includes all of the services, which provides equipment offered off the well site without it personnel and services, which are provided in support of customer operations off the well site such as classroom and computer training, and other consulting services.

Broadcom Inc. Stock Outperforms Market On Strong Trading Day

4:38 pm ET November 22, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Broadcom Inc. (AVGO) advanced 2.44% to $530.05 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.36% to 4,003.58 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. This was the stock's fourth consecutive day of gains. Broadcom Inc. closed $147.71 below its 52-week high ($677.76), which the company reached on December 28th.

The stock underperformed when compared to some of its competitors Tuesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 3.27% to $82.54, NVIDIA Corp. (NVDA) rose 4.71% to $160.38, and Intel Corp. (INTC) rose 3.04% to $29.82. Trading volume (1.9 M) remained 534,831 below its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.

(END) Dow Jones Newswires

November 22, 2022 16:38 ET (21:38 GMT)