Broadcom Inc. Stock Outperforms Competitors Despite Losses On The Day

Realty Income Corp

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Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap Blend

Company profile

Realty Income Corporation is a real estate investment trust. The Company is engaged in acquiring and managing single-unit freestanding commercial properties under a long-term net lease agreement with its commercial clients. The Company owns and operates diversified portfolio of over 11,400 commercial properties. The Company’s properties are leased to over 1,100 different clients who operate in approximately 72 separate industries throughout all 50 states, as well as Puerto Rico, the United Kingdom and Spain. Its properties are leased to retail and industrial clients that have a service, non-discretionary and/or low-price-point component to their business. The Company’s property types include retail, industrial, and agriculture.

Broadcom Inc. Stock Outperforms Competitors Despite Losses On The Day

4:40 pm ET November 29, 2022 (MarketWatch) Print

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

Shares of Broadcom Inc. (AVGO) slid 0.16% to $521.39 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.01% to 33,852.53 and the S&P 500 Index falling 0.16% to 3,957.63. This was the stock's third consecutive day of losses. Broadcom Inc. closed $156.37 below its 52-week high ($677.76), which the company achieved on December 28th.

Despite its losses, the stock outperformed some of its competitors Tuesday, as NVIDIA Corp. (NVDA) fell 1.19% to $156.39. Trading volume (1.3 M) remained 977,373 below its 50-day average volume of 2.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 29, 2022.

(END) Dow Jones Newswires

November 29, 2022 16:40 ET (21:40 GMT)