Broadcom Inc. Stock Falls Wednesday, Underperforms Market

Realty Income Corp

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

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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 Falls Wednesday, Underperforms Market

4:41 pm ET December 7, 2022 (MarketWatch) Print

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

Shares of Broadcom Inc. (AVGO) slipped 1.39% to $518.50 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 33,597.92 and the S&P 500 Index falling 0.19% to 3,933.92. This was the stock's fifth consecutive day of losses. Broadcom Inc. closed $159.26 short of its 52-week high ($677.76), which the company reached on December 28th.

The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 0.83% to $161.20. Trading volume (1.6 M) remained 639,781 below its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 7, 2022.

(END) Dow Jones Newswires

December 07, 2022 16:41 ET (21:41 GMT)