Shares of Broadcom Inc. AVGO, +2.37% slipped 1.56% to $544.89 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, +1.75% falling 1.20% to 3,783.22 and Dow Jones Industrial Average DJIA, +1.05% falling 1.10% to 32,875.71. Broadcom Inc. closed $132.11 below its 52-week high ($677.00), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. NVDA, +4.04% fell 0.60% to $140.36. Trading volume (1.5 M) remained 848,454 below its 50-day average volume of 2.4 M.