DJ Broadcom Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Broadcom Inc. $(AVGO)$ inched 0.24% higher to $148.62 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 5,344.39 and the Dow Jones Industrial Average falling 0.36% to 39,357.01.
This was the stock's third consecutive day of gains.
Broadcom Inc. closed $36.54 below its 52-week high ($185.16), which the company reached on June 18th.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. $(NVDA)$ rose 4.08% to $109.02.
Trading volume (16.7 M) remained 24.6 million below its 50-day average volume of 41.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 12, 2024.
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(END) Dow Jones Newswires
August 12, 2024 16:33 ET (20:33 GMT)
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