Broadcom stock slides 3.03% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Broadcom stock slides 3.03% and underperforms competitors
10 articles · Updated · MarketWatch · May 7
Shares closed at $412.56 on Thursday, marking a second straight loss as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
Broadcom finished 5.74% below its 52-week high of $437.68 reached on 6 May, while Nvidia rose 1.77%, Qualcomm gained 5.18% and Intel slipped 3.00%.
Trading volume was 22.2 million shares, about 2.9 million below its 50-day average of 25.1 million, suggesting lighter-than-usual activity during the broader market sell-off.
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