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Broadcom Inc. stock outperforms market on strong trading day

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Terrence Horan

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Shares of Broadcom Inc. AVGO, -0.41% rose 2.60% to $497.60 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, -0.04% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, -0.26% rising 1.56% to 34,912.56. The stock's rise snapped a four-day losing streak. Broadcom Inc. closed $13.10 short of its 52-week high ($510.70), which the company achieved on September 15th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR TSM, -0.80% rose 2.35% to $112.56, NVIDIA Corp. NVDA, +0.92% rose 3.85% to $217.46, and Intel Corp. INTC, -0.64% rose 3.14% to $53.90. Trading volume (1.7 M) eclipsed its 50-day average volume of 1.5 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.