Broadcom Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Broadcom Inc. (AVGO) slipped 1.35% to $597.62 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.04% to 4,136.48 and Dow Jones Industrial Average falling 0.38% to 33,926.01. The stock's fall snapped a three-day winning streak. Broadcom Inc. closed $47.69 short of its 52-week high ($645.31), which the company achieved on March 29th.
Despite its losses, the stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) fell 2.81% to $211.00. Trading volume (1.9 M) remained 447,955 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 3, 2023.
(END) Dow Jones Newswires
February 03, 2023 16:39 ET (21:39 GMT)
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