Broadcom Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Broadcom Inc. (AVGO) inched 0.04% higher to $579.24 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.20% to 3,990.97 and Dow Jones Industrial Average falling 1.14% to 33,910.85. Broadcom Inc. closed $66.07 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 4.75% to $177.02. Trading volume (1.6 M) remained 849,094 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 17, 2023.
(END) Dow Jones Newswires
January 17, 2023 16:39 ET (21:39 GMT)
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