Broadcom Inc’s filing revealed that its Chief Legal & Corp Affairs Ofc Brazeal Mark David unloaded Company’s shares for reported $3.29 million on Apr 10 ’24. In the deal valued at $1316.46 per share,2,500 shares were sold. As a result of this transaction, Brazeal Mark David now holds 41,974 shares worth roughly $51.4 million.
Then, PAGE JUSTINE sold 110 shares, generating $145,530 in total proceeds. Upon selling the shares at $1323.00, the Director now owns 3,125 shares.
Before that, Spears Kirsten M. sold 3,000 shares. Broadcom Inc shares valued at $4,029,435 were divested by the CFO & Chief Accounting Officer at a price of $1343.14 per share. As a result of the transaction, Spears Kirsten M. now holds 43,459 shares, worth roughly $53.21 million.
Barclays reiterated its Broadcom Inc [AVGO] rating to an Overweight in a research note published on April 17, 2024; the price target was $1500. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. TD Cowen revised its rating on March 21, 2024. It rated AVGO as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of AVGO
On Monday, Broadcom Inc [NASDAQ:AVGO] saw its stock jump 1.64% to $1224.46. Over the last five days, the stock has lost -6.58%. Broadcom Inc shares have risen nearly 9.69% since the year began. Nevertheless, the stocks have risen 93.43% 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 $1,303.85, while 200 days put it at $1,041.47. A total of 2.51 million shares were traded, compared to the trading of 4.48 million shares in the previous session.
Levels Of Support And Resistance For AVGO Stock
The 24-hour chart illustrates a support level at 1,205.60, which if violated will result in even more drops to 1,186.74. On the upside, there is a resistance level at 1,238.26. A further resistance level may holdings at 1,252.06. The Relative Strength Index (RSI) on the 14-day chart is 39.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -81.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.97%. Stochastics %K at 6.29% indicates the stock is a buying.
