Broadcom Inc. Stock Outperforms Market On Strong Trading Day

Verizon Communications Inc

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Company profile

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Broadcom Inc. Stock Outperforms Market On Strong Trading Day

4:39 pm ET January 24, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Broadcom Inc. (AVGO) inched 0.58% higher to $585.03 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.31% to 33,733.96 and the S&P 500 Index falling 0.07% to 4,016.95. This was the stock's third consecutive day of gains. Broadcom Inc. closed $60.28 short of its 52-week high ($645.31), which the company achieved on March 29th.

The stock outperformed some of its competitors Tuesday, as NVIDIA Corp. (NVDA) rose 0.38% to $192.65. Trading volume (1.4 M) remained 1.0 million below its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 24, 2023.

(END) Dow Jones Newswires

January 24, 2023 16:39 ET (21:39 GMT)

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Broadcom Inc. Stock Outperforms Market On Strong Trading Day