Broadcom Inc’s recent filing unveils that its President, Semi Solutions Grp Kawwas Charlie B unloaded Company’s shares for reported $9.28 million on Jan 02 ’25. In the deal valued at $231.98 per share,40,000 shares were sold. As a result of this transaction, Kawwas Charlie B now holds 696,730 shares worth roughly $159.3 million.
Then, Low Check Kian bought 48,000 shares, generating $11,296,815 in total proceeds.
Before that, TAN HOCK E sold 45,000 shares. Broadcom Inc shares valued at $10,798,200 were divested by the President and CEO at a price of $239.96 per share. As a result of the transaction, TAN HOCK E now holds 842,836 shares, worth roughly $192.71 million.
TD Cowen reiterated its Broadcom Inc [AVGO] rating to a Buy in a research note published on December 13, 2024; the price target was $240. A number of analysts have revised their coverage, including Mizuho’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Outperform”‘ rating for it. William Blair began covering AVGO with “an Outperform” recommendation on September 18, 2024. TD Cowen maintained its rating on July 16, 2024. It rated AVGO as “a Buy”.
Price Performance Review of AVGO
On Tuesday, Broadcom Inc [NASDAQ:AVGO] saw its stock fall -3.29% to $228.64. Over the last five days, the stock has lost -2.95%. Broadcom Inc shares have fallen nearly -1.38% since the year began. Nevertheless, the stocks have risen 117.90% over the past one year. While a 52-week high of $251.88 was reached on 01/06/25, a 52-week low of $105.20 was recorded on 01/07/25. SMA at 50 days reached $191.41, while 200 days put it at $162.62.
Levels Of Support And Resistance For AVGO Stock
The 24-hour chart illustrates a support level at 224.33, which if violated will result in even more drops to 220.01. On the upside, there is a resistance level at 236.23. A further resistance level may holdings at 243.81. The Relative Strength Index (RSI) on the 14-day chart is 58.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.76%. Stochastics %K at 48.24% 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 2024-11-29, 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 July 11, 2024 when Rosenblatt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $2400.
