DJ Broadcom Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Broadcom Inc. $(AVGO)$ sank 0.90% to $179.89 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.40% to 5,864.67 and the Dow Jones Industrial Average rising 0.09% to 43,275.91.
The stock's fall snapped a two-day winning streak.
Broadcom Inc. closed $6.53 short of its 52-week high ($186.42), which the company achieved on October 9th.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. $(NVDA)$ rose 0.78% to $138.00.
Trading volume (17.7 M) remained 8.5 million below its 50-day average volume of 26.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 18, 2024.
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(END) Dow Jones Newswires
October 18, 2024 16:33 ET (20:33 GMT)
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