Broadcom Inc. Stock Falls Tuesday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Broadcom Inc. (AVGO) shed 0.34% to $574.93 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.70% to 3,919.25 and the Dow Jones Industrial Average rising 0.56% to 33,704.10. This was the stock's second consecutive day of losses. Broadcom Inc. closed $70.38 short of its 52-week high ($645.31), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Tuesday, as NVIDIA Corp. (NVDA) rose 1.80% to $159.09. Trading volume (4.3 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2023.
(END) Dow Jones Newswires
January 10, 2023 16:39 ET (21:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.