Broadcom Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Broadcom Inc. (AVGO) rose 1.90% to $581.63 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,019.81 and the Dow Jones Industrial Average rising 0.76% to 33,629.56. This was the stock's second consecutive day of gains. Broadcom Inc. closed $63.68 below its 52-week high ($645.31), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. (NVDA) rose 7.59% to $191.93. Trading volume (2.3 M) remained 56,598 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 23, 2023.
(END) Dow Jones Newswires
January 23, 2023 16:38 ET (21:38 GMT)
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