Broadcom Inc. Stock Falls Thursday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Broadcom Inc. (AVGO) slipped 1.45% to $553.09 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,822.39 and Dow Jones Industrial Average falling 1.05% to 33,027.49. Broadcom Inc. closed $124.67 short of its 52-week high ($677.76), which the company reached on December 28th.
Despite its losses, the stock outperformed some of its competitors Thursday, as NVIDIA Corp. (NVDA) fell 7.04% to $153.39. Trading volume (2.7 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 22, 2022.
(END) Dow Jones Newswires
December 22, 2022 16:39 ET (21:39 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.