Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Broadcom Inc shares valued at $26,518,992 were purchased by Samueli Foundation on Dec 17 ’24. At $238.46 per share, Samueli Foundation acquired 111,210 shares.
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Also, You Harry L. purchased 6,540 shares, netting a total of over 1,569,624 in proceeds.
Before that, Hao Family Foundation had added 56,000 shares to its account. In a trade valued at $14,000,000, the Director bought Broadcom Inc shares for $250.00 each.
As published in a research note from TD Cowen on December 13, 2024, Broadcom Inc [AVGO] has been retained to a Buy and the price target has been revised to $240. Analysts at Mizuho resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid October. As of September 18, 2024, William Blair has initiated its “an Outperform” rating for AVGO. Earlier on July 16, 2024, TD Cowen 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 22.06%. Over the course of the year, Broadcom Inc shares have jumped approximately 100.33%. Shares of the company reached a 52-week high of $251.88 on 12/16/24 and a 52-week low of $104.15 on 01/05/24. A 50-day SMA is recorded $178.58, while a 200-day SMA reached $156.40. Nevertheless, trading volume fell to 51.83 million shares from 68.83 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 215.28, which, if violated, would cause prices to drop to 206.93. In the upper region, resistance lies at 235.91. The next price resistance is at 248.19. RSI (Relative Strength Index) is 66.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 47.20, which suggests the price will increase in the coming days. Percent R is at 30.45%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
