Broadcom Inc. Stock Underperforms Wednesday When Compared To Competitors

Dow Jones12-19 05:33

DJ Broadcom Inc. Stock Underperforms Wednesday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Broadcom Inc. $(AVGO)$ slipped 6.91% to $223.62 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.

This was the stock's second consecutive day of losses.

Broadcom Inc. closed $28.26 short of its 52-week high ($251.88), which the company reached on December 16th.

The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. $(NVDA)$ fell 1.14% to $128.91.

Trading volume (51.5 M) eclipsed its 50-day average volume of 25.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 18, 2024 16:33 ET (21:33 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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