Broadcom Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Broadcom Inc. (AVGO) inched 0.50% higher to $605.77 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 1.47% to 4,179.76 and the Dow Jones Industrial Average falling 0.11% to 34,053.94. This was the stock's third consecutive day of gains. Broadcom Inc. closed $39.54 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 Thursday, as NVIDIA Corp. (NVDA) rose 3.66% to $217.09. Trading volume (2.4 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 2, 2023.
(END) Dow Jones Newswires
February 02, 2023 16:39 ET (21:39 GMT)
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