Broadcom Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Broadcom Inc. (AVGO) slipped 1.56% to $544.89 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.20% to 3,783.22 and Dow Jones Industrial Average falling 1.10% to 32,875.71. Broadcom Inc. closed $132.11 below its 52-week high ($677.00), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) fell 0.60% to $140.36. Trading volume (1.5 M) remained 848,454 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2022.
(END) Dow Jones Newswires
December 28, 2022 16:39 ET (21:39 GMT)
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