KD Logo

AVGO (Broadcom Inc) may reap gains as insiders became active recently

Broadcom Inc’s filing revealed that 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 $4.68 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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 $5.11 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 Friday, Broadcom Inc [NASDAQ:AVGO] saw its stock fall -1.50% to $1703.31. Over the last five days, the stock has gained 7.35%. Broadcom Inc shares have risen nearly 52.59% since the year began. Nevertheless, the stocks have risen 97.63% 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 $1,454.64, while 200 days put it at $1,188.49. A total of 4.51 million shares were traded, compared to the trading of 4.0 million shares in the previous session.

Levels Of Support And Resistance For AVGO Stock

The 24-hour chart illustrates a support level at 1,677.72, which if violated will result in even more drops to 1,652.12. On the upside, there is a resistance level at 1,747.19. A further resistance level may holdings at 1,791.06. The Relative Strength Index (RSI) on the 14-day chart is 63.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 51.56%. Stochastics%K at 54.44% 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.

Most Popular