Broadcom Inc. Stock Falls Monday, Still Outperforms Market
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Shares of Broadcom Inc. (AVGO) shed 1.45% to $522.21 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.54% to 3,963.94 and Dow Jones Industrial Average falling 1.45% to 33,849.46. This was the stock's second consecutive day of losses. Broadcom Inc. closed $155.55 below its 52-week high ($677.76), which the company reached on December 28th.
Despite its losses, the stock outperformed some of its competitors Monday, as NVIDIA Corp. (NVDA) fell 2.72% to $158.27. Trading volume (2.3 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 28, 2022.
(END) Dow Jones Newswires
November 28, 2022 16:41 ET (21:41 GMT)
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