Broadcom Inc’s filing revealed that its Director HARTENSTEIN EDDY W unloaded Company’s shares for reported $0.92 million on Jan 08 ’25. In the deal valued at $229.64 per share,4,000 shares were sold. As a result of this transaction, HARTENSTEIN EDDY W now holds 46,400 shares worth roughly $10.43 million.
Then, Low Check Kian sold 48,000 shares, generating $11,296,800 in total proceeds. Upon selling the shares at $235.35, the Director now owns 113,050 shares.
Before that, Eddy W. Hartenstein bought 4,000 shares. Broadcom Inc shares valued at $914,560 were divested by the Director at a price of $228.64 per share.
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 -0.26% to $224.70. Over the last five days, the stock has lost -4.95%. Broadcom Inc shares have fallen nearly -3.08% since the year began. Nevertheless, the stocks have risen 104.28% over the past one year. While a 52-week high of $251.88 was reached on 01/06/25, a 52-week low of $109.02 was recorded on 01/13/25. SMA at 50 days reached $195.46, while 200 days put it at $164.46.
Levels Of Support And Resistance For AVGO Stock
The 24-hour chart illustrates a support level at 221.78, which if violated will result in even more drops to 218.86. On the upside, there is a resistance level at 228.94. A further resistance level may holdings at 233.18. The Relative Strength Index (RSI) on the 14-day chart is 55.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.31%. Stochastics %K at 21.28% 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.
