Broadcom Inc’s recently made public that its Director Kenneth Y. Hao acquired Company’s shares for reported $41.25 million on Oct 04 ’24. In the deal valued at $171.89 per share,240,000 shares were bought.
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, TAN HOCK E bought 20,000 shares, generating $3,497,471 in total proceeds.
Before that, TAN HOCK E sold 10,000 shares. Broadcom Inc shares valued at $1,671,410 were divested by the President and CEO at a price of $167.14 per share. As a result of the transaction, TAN HOCK E now holds 1,171,910 shares, worth roughly $207.01 million.
William Blair initiated its Broadcom Inc [AVGO] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Buy”‘ rating for it. Rosenblatt also remained covering AVGO and reiterated its “Buy” recommendation on July 11, 2024. Citigroup maintained its rating on June 11, 2024. It rated AVGO as “a Buy”.
Price Performance Review of AVGO
On Friday, Broadcom Inc [NASDAQ:AVGO] saw its stock jump 2.76% to $176.64. Over the last five days, the stock has gained 2.29%. Broadcom Inc shares have risen nearly 58.24% since the year began. Nevertheless, the stocks have risen 114.42% over the past one year. While a 52-week high of $185.16 was reached on 06/18/24, a 52-week low of $81.17 was recorded on 01/05/24. SMA at 50 days reached $159.42, while 200 days put it at $141.17.
Levels Of Support And Resistance For AVGO Stock
The 24-hour chart illustrates a support level at 173.86, which if violated will result in even more drops to 171.08. On the upside, there is a resistance level at 178.16. A further resistance level may holdings at 179.68. The Relative Strength Index (RSI) on the 14-day chart is 60.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.47%. Stochastics %K at 63.69% 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 2024-09-13, growing by 4.78 million shares to a total of 55.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 50.86 million shares. There was a rise of 8.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 03, 2024 when Melius began covering the stock and recommended ‘”a Buy”‘ rating along with a $1850 price target.
