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Broadcom Inc [AVGO] Director sales 254 shares for $0.44 million.

In a filing, Broadcom Inc revealed its Director PAGE JUSTINE unloaded Company’s shares for reported $0.44 million on Jun 20 ’24. In the deal valued at $1750.26 per share,254 shares were sold. As a result of this transaction, PAGE JUSTINE now holds 2,748 shares worth roughly $4.55 million.

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Then, Kawwas Charlie B sold 2,520 shares, generating $4,613,997 in total proceeds. Upon selling the shares at $1830.95, the President, Semi Solutions Grp now owns 77,848 shares.

Before that, PAGE JUSTINE sold 312 shares. Broadcom Inc shares valued at $561,600 were divested by the Director at a price of $1800.00 per share. As a result of the transaction, PAGE JUSTINE now holds 3,002 shares, worth roughly $4.98 million.

Citigroup reiterated its Broadcom Inc [AVGO] rating to a Buy in a research note published on June 11, 2024; the price target was $1560. A number of analysts have revised their coverage, including Melius’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Jefferies began covering AVGO with “Buy” recommendation on May 13, 2024. Barclays maintained its rating on April 17, 2024. It rated AVGO as “an Overweight”.

Price Performance Review of AVGO

On Tuesday, Broadcom Inc [NASDAQ:AVGO] saw its stock jump 1.02% to $1657.48. Over the last five days, the stock has gained 4.85%. Broadcom Inc shares have risen nearly 48.49% since the year began. Nevertheless, the stocks have risen 91.08% over the past one year. While a 52-week high of $1851.62 was reached on 06/18/24, a 52-week low of $795.09 was recorded on 01/05/24. SMA at 50 days reached $1,435.46, while 200 days put it at $1,179.84. A total of 3.24 million shares were traded, compared to the trading of 6.94 million shares in the previous session.

Levels Of Support And Resistance For AVGO Stock

The 24-hour chart illustrates a support level at 1,633.25, which if violated will result in even more drops to 1,609.03. On the upside, there is a resistance level at 1,670.45. A further resistance level may holdings at 1,683.43. The Relative Strength Index (RSI) on the 14-day chart is 61.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.74%. Stochastics%K at 48.07% indicates the stock is a holding.

The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $1620 price target.

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