Broadcom Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Broadcom Inc. (AVGO) slid 1.93% to $563.22 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.76% to 3,898.85 and Dow Jones Industrial Average falling 0.76% to 33,044.56. This was the stock's second consecutive day of losses. Broadcom Inc. closed $82.09 below its 52-week high ($645.31), which the company reached on March 29th.
Despite its losses, the stock outperformed some of its competitors Thursday, as NVIDIA Corp. (NVDA) fell 3.52% to $167.65. Trading volume (2.3 M) remained 127,769 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.
(END) Dow Jones Newswires
January 19, 2023 16:38 ET (21:38 GMT)
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