Broadcom Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Broadcom Inc. (AVGO) slid 0.51% to $579.00 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.40% to 3,999.09 and the Dow Jones Industrial Average rising 0.33% to 34,302.61. The stock's fall snapped a two-day winning streak. Broadcom Inc. closed $66.31 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 Friday, as NVIDIA Corp. (NVDA) rose 2.35% to $168.99. Trading volume (2.0 M) remained 450,809 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 13, 2023.
(END) Dow Jones Newswires
January 13, 2023 16:39 ET (21:39 GMT)
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