Broadcom Inc. Stock Underperforms Friday When Compared To Competitors
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Broadcom Inc. (AVGO) shed 1.27% to $590.99 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.25% to 4,070.56 and the Dow Jones Industrial Average rising 0.08% to 33,978.08. The stock's fall snapped a five-day winning streak. Broadcom Inc. closed $54.32 short of 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 2.84% to $203.65. Trading volume (1.9 M) remained 423,290 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 27, 2023.
(END) Dow Jones Newswires
January 27, 2023 16:39 ET (21:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.