Broadcom Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Broadcom Inc. (AVGO) advanced 1.22% to $560.24 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,852.97 and the Dow Jones Industrial Average rising 0.40% to 33,269.77. Broadcom Inc. closed $110.97 below its 52-week high ($671.21), which the company achieved on January 5th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 3.03% to $147.49. Trading volume (1.7 M) remained 647,824 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 4, 2023.
(END) Dow Jones Newswires
January 04, 2023 16:39 ET (21:39 GMT)
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