Broadcom Inc. Stock Rises Wednesday, Outperforms Market
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Shares of Broadcom Inc. (AVGO) inched 0.11% higher to $585.68 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 33,743.84 and the S&P 500 Index falling 0.02% to 4,016.22. This was the stock's fourth consecutive day of gains. Broadcom Inc. closed $59.63 short of its 52-week high ($645.31), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 0.30% to $193.23. 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 25, 2023.
(END) Dow Jones Newswires
January 25, 2023 16:39 ET (21:39 GMT)
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