Shares of Broadcom Inc. AVGO, +1.39% rose 1.39% to $655.20 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.02% rising 1.02% to 4,696.56 and the Dow Jones Industrial Average DJIA, +0.74% rising 0.74% to 35,753.89. This was the stock’s fourth consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $649.47, which the company reached on December 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR TSM, +3.29% rose 3.29% to $121.30, NVIDIA Corp. NVDA, +1.12% rose 1.12% to $294.00, and Intel Corp. INTC, +0.39% rose 0.39% to $50.97. Trading volume (2.8 M) eclipsed its 50-day average volume of 2.1 M.