Broadcom Inc. Stock Outperforms Market On Strong Trading Day

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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Growth

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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 Market On Strong Trading Day

4:38 pm ET December 30, 2022 (MarketWatch) Print

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

Shares of Broadcom Inc. (AVGO) inched 0.24% higher to $559.13 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.25% to 3,839.50 and Dow Jones Industrial Average falling 0.22% to 33,147.25. This was the stock's second consecutive day of gains. Broadcom Inc. closed $113.06 below its 52-week high ($672.19), which the company reached on January 4th.

The stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) rose 0.08% to $146.14. Trading volume (1.4 M) remained 918,901 below its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 2022.

(END) Dow Jones Newswires

December 30, 2022 16:38 ET (21:38 GMT)