Broadcom Inc. Stock Outperforms Competitors Despite Losses On The Day

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Boxed, Inc. (Boxed) operates an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers. Boxed operates an e-commerce retail service that provides bulk pantry consumables to businesses and household customers, without the requirement of a big-box store membership. Boxed further enables e-commerce through its Software & Services business, which offers customers in need of an enterprise-level e-commerce platform access to its end-to-end technology.

Broadcom Inc. Stock Outperforms Competitors Despite Losses On The Day

4:38 pm ET December 23, 2022 (MarketWatch) Print

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

Shares of Broadcom Inc. (AVGO) slid 0.12% to $552.43 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.59% to 3,844.82 and the Dow Jones Industrial Average rising 0.53% to 33,203.93. This was the stock's second consecutive day of losses. Broadcom Inc. closed $125.33 below its 52-week high ($677.76), which the company reached on December 28th.

Despite its losses, the stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) fell 0.87% to $152.06. Trading volume (1.4 M) remained 1.0 million below its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2022.

(END) Dow Jones Newswires

December 23, 2022 16:38 ET (21:38 GMT)