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 $918,548 were sold by HARTENSTEIN EDDY W on Jan 08 ’25. At $229.64 per share, HARTENSTEIN EDDY W sold 4,000 shares. The insider’s holdings dropped to 46,400 shares worth approximately $11.18 million following the completion of this transaction.
Also, Low Check Kian sold 48,000 shares, netting a total of over 11,296,800 in proceeds. Following the sale of shares at $235.35 each, the insider now holds 113,050 shares.
Before that, Eddy W. Hartenstein had added 4,000 shares to its account. In a trade valued at $914,560, the Director bought Broadcom Inc shares for $228.64 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 7.21%. Over the course of the year, Broadcom Inc shares have jumped approximately 3.91%. Shares of the company reached a 52-week high of $246.99 on 01/22/25 and a 52-week low of $219.51 on 01/13/25. A 50-day SMA is recorded $201.77, while a 200-day SMA reached $166.99. Nevertheless, trading volume fell to 29.07 million shares from 30.9 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 238.74, which, if violated, would cause prices to drop to 236.56. In the upper region, resistance lies at 245.04. The next price resistance is at 249.16. RSI (Relative Strength Index) is 65.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.05, which suggests the price will increase in the coming days. Percent R is at 22.13%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
