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Shares of Broadcom Inc. (AVGO) dropped 0.05% to $550.75 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.09% to 4,076.57 and Dow Jones Industrial Average falling 0.56% to 34,395.01. Broadcom Inc. closed $127.01 below its 52-week high ($677.76), which the company achieved on December 28th.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 1.25% to $171.35. Trading volume (2.3 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.
(END) Dow Jones Newswires
December 01, 2022 16:40 ET (21:40 GMT)
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