Broadcom Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Broadcom Inc. (AVGO) rallied 2.20% to $598.58 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.10% to 4,060.43 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. This was the stock's fifth consecutive day of gains. Broadcom Inc. closed $46.73 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 Thursday, as NVIDIA Corp. (NVDA) rose 2.48% to $198.02. Trading volume (2.4 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 26, 2023.
(END) Dow Jones Newswires
January 26, 2023 16:39 ET (21:39 GMT)
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