Broadcom Inc. Stock Rises Tuesday, Outperforms Market
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Shares of Broadcom Inc. (AVGO) inched 0.20% higher to $553.54 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.11% to 33,241.56 and the S&P 500 Index falling 0.40% to 3,829.25. The stock's rise snapped a two-day losing streak. Broadcom Inc. closed $124.22 below its 52-week high ($677.76), which the company achieved on December 28th.
The stock outperformed some of its competitors Tuesday, as NVIDIA Corp. (NVDA) fell 7.14% to $141.21. Trading volume (1.7 M) remained 721,607 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 27, 2022.
(END) Dow Jones Newswires
December 27, 2022 16:38 ET (21:38 GMT)
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