The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Broadcom Inc shares valued at $3,591,547 were sold by Brazeal Mark David on Oct 07 ’24. At $177.10 per share, Brazeal Mark David sold 20,280 shares. The insider’s holdings dropped to 399,460 shares worth approximately $74.28 million following the completion of this transaction.
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
Also, Brazeal Mark David purchased 18,900 shares, netting a total of over 3,456,338 in proceeds.
Before that, TAN HOCK E had sold 20,000 shares from its account. In a trade valued at $3,497,480, the President and CEO traded Broadcom Inc shares for $174.87 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $210.48 million.
As published in their initiating research note from William Blair on September 18, 2024, Broadcom Inc [AVGO] has been an Outperform. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid July. As of July 11, 2024, Rosenblatt has reiterated its “Buy” rating for AVGO. Earlier on June 11, 2024, Citigroup resumed its rating. Their recommendation was “a Buy” for AVGO stock.
Analyzing AVGO Stock Performance
During the last five days, there has been a surge of approximately 8.96%. Over the course of the year, Broadcom Inc shares have jumped approximately 66.58%. Shares of the company reached a 52-week high of $186.42 on 10/09/24 and a 52-week low of $104.15 on 01/05/24. A 50-day SMA is recorded $161.34, while a 200-day SMA reached $142.19. Nevertheless, trading volume fell to 25.42 million shares from 15.59 million shares the previous day.
Support And Resistance Levels for Broadcom Inc (AVGO)
According to the 24-hour chart, there is a support level at 179.44, which, if violated, would cause prices to drop to 172.93. In the upper region, resistance lies at 189.44. The next price resistance is at 192.93. RSI (Relative Strength Index) is 66.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.87, which suggests the price will increase in the coming days. Percent R is at 2.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
