Broadcom Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Broadcom Inc. (AVGO) inched 0.66% higher to $581.94 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. This was the stock's second consecutive day of gains. Broadcom Inc. closed $63.37 short of its 52-week high ($645.31), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 3.19% to $165.11. Trading volume (1.9 M) remained 464,990 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.
(END) Dow Jones Newswires
January 12, 2023 16:38 ET (21:38 GMT)
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