AVGO on the Move: Broadcom Inc Shares See Slight Uptick Tuesday Morning
Shares of Broadcom Inc (NASDAQ: AVGO) registered a modest increase in early trading on Tuesday, May 7th. As of 10:19 AM GMT-4, the company’s stock was priced at 200.68 USD. This represented a gain of 0.59 USD, or 0.29 percent, for the trading session.
Broadcom’s stock began the day at 199.28 USD, opening below its previous closing price of 200.09 USD. Despite the lower open, the shares demonstrated some upward momentum, reaching an intraday high of 201.91 USD. The lowest point touched during the morning’s activity was 195.94 USD. The stock’s movement indicates a recovery from its initial dip to trade in positive territory.
According to the market summary data, Broadcom Inc holds a market capitalization listed at 93.85KCr. The company’s price-to-earnings (P/E) ratio is reported as 96.77. For income-focused investors, Broadcom offers a dividend yield of 1.18 percent.
Placing the current performance in a broader context, AVGO’s price of 200.68 USD is trading below its 52-week high of 251.87 USD. However, it remains significantly above its 52-week low of 128.50 USD. Market observers will be watching how Broadcom shares trend as the trading day progresses.
