Broadcom Inc. Stock Falls Monday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Broadcom Inc. (AVGO) shed 1.96% to $576.89 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.08% to 3,892.09 and Dow Jones Industrial Average falling 0.34% to 33,517.65. Broadcom Inc. closed $68.42 below its 52-week high ($645.31), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. (NVDA) rose 5.18% to $156.28. Trading volume (3.7 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 9, 2023.
(END) Dow Jones Newswires
January 09, 2023 16:38 ET (21:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.