DJ Broadcom Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Broadcom Inc. $(AVGO)$ plunged 10.36% to $137.00 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.73% to 5,408.42 and Dow Jones Industrial Average falling 1.01% to 40,345.41.
This was the stock's second consecutive day of losses.
Broadcom Inc. closed $48.17 short of its 52-week high ($185.16), which the company reached on June 18th.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. $(NVDA)$ fell 4.09% to $102.83.
Trading volume (74.3 M) eclipsed its 50-day average volume of 30.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 6, 2024.
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(END) Dow Jones Newswires
September 06, 2024 16:34 ET (20:34 GMT)
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