Broadcom Inc. Stock Falls Monday, Underperforms Market
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Shares of Broadcom Inc. (AVGO) slid 1.88% to $530.64 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.79% to 3,998.84 and Dow Jones Industrial Average falling 1.40% to 33,947.10. This was the stock's third consecutive day of losses. Broadcom Inc. closed $147.12 below its 52-week high ($677.76), which the company achieved on December 28th.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. (NVDA) fell 1.58% to $166.10. Trading volume (1.8 M) remained 466,978 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 5, 2022.
(END) Dow Jones Newswires
December 05, 2022 16:41 ET (21:41 GMT)
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