Broadcom Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Broadcom Inc. (AVGO) advanced 3.16% to $561.23 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.49% to 3,878.44 and the Dow Jones Industrial Average rising 1.60% to 33,376.48. The stock's rise snapped a four-day losing streak. Broadcom Inc. closed $116.53 short of its 52-week high ($677.76), which the company reached on December 28th.
The stock outperformed some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 2.59% to $165.01. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 21, 2022.
(END) Dow Jones Newswires
December 21, 2022 16:39 ET (21:39 GMT)
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