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Shares of Broadcom Inc. (AVGO) inched 0.68% higher to $533.64 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. This was the stock's fifth consecutive day of gains. Broadcom Inc. closed $144.12 short of 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 0.69% to $81.97, NVIDIA Corp. (NVDA) rose 3.00% to $165.19, and Intel Corp. (INTC) fell 0.50% to $29.67. Trading volume (1.4 M) remained 995,938 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 16:38 ET (21:38 GMT)
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