Tiger Brokers

Broadcom Inc. Stock Climbs 4.5%, Outperforms Market

Dow Jones
Aug 28

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

Shares of Broadcom Inc. rose 4.5% to $371.54 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,730.99 and the Dow Jones Industrial Average rising 0.2% to 53,569.44.

The stock's rise snapped a three-day losing streak.

Broadcom Inc. closed 24.9% 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. rose 8.7% to $227.98, Qualcomm Inc. rose 0.6% to $164.78, and Intel Corp. rose 4.36% to $92.09.

Trading volume totaled 20.3 million, compared to the 50-day average of 22.6 million.

Data source: Dow Jones Market Data, FactSet

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