Broadcom Inc. Stock Rises Thursday, Outperforms Market
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Shares of Broadcom Inc. (AVGO) rallied 2.37% to $557.81 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.75% to 3,849.28 and the Dow Jones Industrial Average rising 1.05% to 33,220.80. Broadcom Inc. closed $117.89 below its 52-week high ($675.70), which the company reached on December 30th.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 4.04% to $146.03. Trading volume (1.8 M) remained 547,282 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 29, 2022.
(END) Dow Jones Newswires
December 29, 2022 16:39 ET (21:39 GMT)
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