Broadcom Inc’s filing revealed that its Chief Legal & Corp Affairs Ofc Brazeal Mark David unloaded Company’s shares for reported $4.5 million on Apr 11 ’25. In the deal valued at $180.00 per share,25,000 shares were sold. As a result of this transaction, Brazeal Mark David now holds 465,956 shares worth roughly $83.38 million.
Then, PAGE JUSTINE bought 800 shares, generating $148,000 in total proceeds.
Before that, Brazeal Mark David bought 25,000 shares. Broadcom Inc shares valued at $4,500,000 were divested by the Officer at a price of $180.00 per share.
Daiwa Securities upgraded its Broadcom Inc [AVGO] rating to a Buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. Mizuho also remained covering AVGO and reiterated its “an Outperform” recommendation on October 14, 2024. William Blair started covering the stock on September 18, 2024. It rated AVGO as “an Outperform”.
Price Performance Review of AVGO
On Tuesday, Broadcom Inc [NASDAQ:AVGO] saw its stock jump 0.33% to $178.95. Over the last five days, the stock has gained 14.69%. Broadcom Inc shares have fallen nearly -22.81% since the year began. Nevertheless, the stocks have risen 33.14% over the past one year. While a 52-week high of $251.88 was reached on 01/24/25, a 52-week low of $119.76 was recorded on 04/07/25. SMA at 50 days reached $195.64, while 200 days put it at $184.02.
Levels Of Support And Resistance For AVGO Stock
The 24-hour chart illustrates a support level at 177.27, which if violated will result in even more drops to 175.58. On the upside, there is a resistance level at 181.45. A further resistance level may holdings at 183.95. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.02%. Stochastics %K at 81.84% 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 2025-03-31, dropping by -2.24 million shares to a total of 55.15 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 57.39 million shares. There was a decline of -4.05%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 16, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $210.
