Broadcom (AVGO) Erases Early Losses, Trades Firmly Above $190 Midday Tuesday
Broadcom Inc (NASDAQ: AVGO) shares successfully reversed early session losses during Tuesday trading, climbing back above the $190 mark after touching lows near $184 earlier in the day.
As of 2:30 pm GMT-4 on April 30th, the prominent semiconductor and software company’s stock was priced at 190.44 USD. While this represented a slight dip of $0.73 (0.38%) compared to the previous close of $191.17, it marked a significant recovery from the day’s opening price of $185.90 and the intraday low of $184.02. Broadcom managed to reach a high of $191.47 during the session before settling near its current level.
The intraday chart clearly shows a V shaped recovery pattern, indicating buying interest emerged after the initial dip. Investors are assessing the stock, which currently holds a Price to Earnings (P/E) ratio of 91.84 and provides a dividend yield of 1.24%. Broadcom’s market capitalization is listed at 89.53KCr (Note: Unit requires clarification, likely representing a large value such as Trillions).
Over the past 52 weeks, Broadcom stock has navigated a wide range, reaching a high of $251.87 and a low of $122.33. Tuesday’s price action demonstrates the stock’s ability to rebound within the trading day, stabilizing near the session’s upper range.
