Broadcom Inc. Stock Climbs 8.8%, Outperforms Peers

Dow Jones11-10 05:34

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

Shares of Broadcom Inc. rallied 8.8% to $319.48 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.3% to 7,549.94 and the Dow Jones Industrial Average rising 2.2% to 52,389.75.

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

Broadcom Inc. closed 35.5% below its 52-week high of $495.00, which the company achieved on June 3rd.

The stock outperformed some of its peers, as NVIDIA Corp. fell 4.3% to $178.67, Qualcomm Inc. rose 3.7% to $171.47, and Intel Corp. rose 5.49% to $59.37.

Trading volume totaled 36.5 million, compared to the 50-day average of 25.0 million.

Data source: Dow Jones Market Data, FactSet

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