Tiger Brokers

Broadcom Inc. Stock Slides 4.3%, Underperforms Peers

Dow Jones
1 hour ago

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

Shares of Broadcom Inc. shed 4.3% to $360.14 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.1% to 51,231.64 and the S&P 500 Index falling 0.5% to 7,765.36.

The stock's fall snapped a four-day winning streak.

Broadcom Inc. closed 27.2% short of its 52-week high of $495.00, which the company achieved on June 3rd.

The stock demonstrated a mixed performance when compared to some of its peers, as NVIDIA Corp. fell 2.9% to $230.48, Qualcomm Inc. fell 0.6% to $176.01, and Intel Corp. fell 5.34% to $107.08.

Trading volume totaled 26.0 million, compared to the 50-day average of 23.3 million.

Data source: Dow Jones Market Data, FactSet

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10