Broadcom Inc. Stock Outperforms Competitors Despite Losses On The Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Broadcom Inc. (AVGO) shed 1.61% to $581.45 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.30% to 4,017.77 and Dow Jones Industrial Average falling 0.77% to 33,717.09. This was the stock's second consecutive day of losses. Broadcom Inc. closed $63.86 short of its 52-week high ($645.31), which the company reached on March 29th.
Despite its losses, the stock outperformed some of its competitors Monday, as NVIDIA Corp. (NVDA) fell 5.91% to $191.62. Trading volume (1.7 M) remained 665,451 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 30, 2023.
(END) Dow Jones Newswires
January 30, 2023 16:39 ET (21:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.