Broadcom Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Broadcom Inc. (AVGO) shed 1.01% to $553.48 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.40% to 3,824.14 and Dow Jones Industrial Average falling 0.03% to 33,136.37. The stock's fall snapped a two-day winning streak. Broadcom Inc. closed $118.71 short of its 52-week high ($672.19), which the company reached on January 4th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as NVIDIA Corp. (NVDA) fell 2.05% to $143.15. Trading volume (2.0 M) remained 340,926 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 3, 2023.
(END) Dow Jones Newswires
January 03, 2023 16:38 ET (21:38 GMT)
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