Broadcom Inc. Stock Rises Friday, Outperforms Market
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Shares of Broadcom Inc. (AVGO) rose 6.02% to $588.43 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.28% to 3,895.08 and the Dow Jones Industrial Average rising 2.13% to 33,630.61. Broadcom Inc. closed $56.88 below its 52-week high ($645.31), which the company achieved on March 29th.
The stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) rose 4.16% to $148.59. Trading volume (3.5 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 6, 2023.
(END) Dow Jones Newswires
January 06, 2023 16:39 ET (21:39 GMT)
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