Shares of Broadcom Inc. AVGO, +0.26% inched 0.26% higher to $641.44 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.64% falling 0.64% to 4,109.90 and Dow Jones Industrial Average DJIA, -1.01% falling 1.01% to 33,012.14.
This was the stock’s fifth consecutive day of gains.
Broadcom Inc. closed $7.06 short of its 52-week high ($648.50), which the company reached on March 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as NVIDIA Corp. NVDA, +0.90% rose 0.90% to $292.13.
Trading volume (1.5 M) remained 569,841 below its 50-day average volume of 2.1 M.