Broadcom Inc’s recently made public that its President, Semi Solutions Grp Kawwas Charlie B unloaded Company’s shares for reported $2.89 million on Oct 11 ’24. In the deal valued at $181.44 per share,15,950 shares were sold. As a result of this transaction, Kawwas Charlie B now holds 737,330 shares worth roughly $126.68 million.
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Then, Brazeal Mark David sold 18,900 shares, generating $3,429,405 in total proceeds. Upon selling the shares at $181.45, the Chief Legal & Corp Affairs Ofc now owns 361,660 shares.
Before that, Brazeal Mark David sold 18,900 shares. Broadcom Inc shares valued at $3,456,338 were divested by the Chief Legal & Corp Affairs Ofc at a price of $182.88 per share. As a result of the transaction, Brazeal Mark David now holds 380,560 shares, worth roughly $65.38 million.
Mizuho reiterated its Broadcom Inc [AVGO] rating to an Outperform in a research note published on October 14, 2024; the price target was $220. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. TD Cowen also remained covering AVGO and reiterated its “Buy” recommendation on July 16, 2024. Rosenblatt maintained its rating on July 11, 2024. It rated AVGO as “a Buy”.
Price Performance Review of AVGO
On Tuesday, Broadcom Inc [NASDAQ:AVGO] saw its stock fall -3.98% to $171.81. Over the last five days, the stock has gained 2.18%. Broadcom Inc shares have risen nearly 53.92% since the year began. Nevertheless, the stocks have risen 81.94% over the past one year. While a 52-week high of $186.42 was reached on 10/09/24, a 52-week low of $95.61 was recorded on 01/05/24. SMA at 50 days reached $173.38, while 200 days put it at $153.90.
Levels Of Support And Resistance For AVGO Stock
The 24-hour chart illustrates a support level at 168.19, which if violated will result in even more drops to 164.58. On the upside, there is a resistance level at 176.96. A further resistance level may holdings at 182.12. The Relative Strength Index (RSI) on the 14-day chart is 51.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.63%. Stochastics %K at 82.81% indicates the stock is a selling.
How much short interest is there in Broadcom Inc?
A steep rise in short interest was recorded in Broadcom Inc stocks on 2024-11-29, dropping by -1.31 million shares to a total of 66.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 67.68 million shares. There was a decline of -1.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 11, 2024 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $1560.
