Broadcom Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Broadcom Inc. (AVGO) rallied 1.34% to $570.78 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.89% to 3,972.61 and the Dow Jones Industrial Average rising 1.00% to 33,375.49. The stock's rise snapped a two-day losing streak. Broadcom Inc. closed $74.53 below its 52-week high ($645.31), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. (NVDA) rose 6.41% to $178.39. Trading volume (2.3 M) remained 95,305 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 20, 2023.
(END) Dow Jones Newswires
January 20, 2023 16:39 ET (21:39 GMT)
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