Broadcom Inc. Stock Rises Thursday, Outperforms Market
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Shares of Broadcom Inc. (AVGO) advanced 2.43% to $531.08 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,963.51 and the Dow Jones Industrial Average rising 0.55% to 33,781.48. The stock's rise snapped a five-day losing streak. Broadcom Inc. closed $146.68 below its 52-week high ($677.76), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 6.51% to $171.69. Trading volume (2.7 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 8, 2022.
(END) Dow Jones Newswires
December 08, 2022 16:41 ET (21:41 GMT)
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