In a filing, Broadcom Inc revealed its Director Hao Kenneth unloaded Company’s shares for reported $12.72 million on Mar 21 ’24. In the deal valued at $1388.13 per share,9,160 shares were sold. As a result of this transaction, Hao Kenneth now holds 0 shares worth roughly $0.0.
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Then, HARTENSTEIN EDDY W sold 3,150 shares, generating $4,064,583 in total proceeds. Upon selling the shares at $1290.34, the Director now owns 4,643 shares.
Before that, Spears Kirsten M. sold 2,500 shares. Broadcom Inc shares valued at $2,607,860 were divested by the CFO & Chief Accounting Officer at a price of $1043.14 per share. As a result of the transaction, Spears Kirsten M. now holds 26,880 shares, worth roughly $36.38 million.
TD Cowen upgraded its Broadcom Inc [AVGO] rating to an Outperform from a a Market perform in a research note published on March 21, 2024; the price target was increased to $1500 from $1400. TD Cowen also remained covering AVGO and reiterated its “Market perform” recommendation on March 08, 2024. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated AVGO as “an Overweight”.
Price Performance Review of AVGO
On Friday, Broadcom Inc [NASDAQ:AVGO] saw its stock jump 0.41% to $1353.47. Over the last five days, the stock has gained 9.55%. Broadcom Inc shares have risen nearly 21.25% since the year began. Nevertheless, the stocks have risen 114.52% over the past one year. While a 52-week high of $1438.17 was reached on 03/04/24, a 52-week low of $601.29 was recorded on 01/05/24. SMA at 50 days reached $1,255.43, while 200 days put it at $994.44. A total of 3.77 million shares were traded, compared to the trading of 7.25 million shares in the previous session.
Levels Of Support And Resistance For AVGO Stock
The 24-hour chart illustrates a support level at 1,341.01, which if violated will result in even more drops to 1,328.54. On the upside, there is a resistance level at 1,371.08. A further resistance level may holdings at 1,388.68. The Relative Strength Index (RSI) on the 14-day chart is 60.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 25.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.93%. Stochastics %K at 54.43% indicates the stock is a holding.
How much short interest is there in Broadcom Inc?
A steep rise in short interest was recorded in Broadcom Inc stocks on Feb 29, 2024, growing by 90000.0 shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.16 million shares. There was a rise of 1.71%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.31% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.2.
Broadcom Inc [AVGO] – Who Are The Largest Shareholders?
In filings from N/A, it is revealed that the company now owns N/A shares, or roughly N/A of the outstanding AVGO shares. .
