Broadcom (AVGO) Stock Climbs: Shares Finish Thursday Session Up Significantly
NEW YORK – Shares of technology company Broadcom Inc (NASDAQ: AVGO) registered a strong performance in the stock market on Thursday, May 2nd.
The semiconductor firm’s stock concluded the official trading day priced at 203.64 USD. This represented a substantial gain of +6.31 USD, marking a +3.20% increase from the previous day’s close of 197.33 USD.
Broadcom shares began trading at 203.90 USD. During the session, the stock reached a peak of 205.68 USD and touched a low of 201.08 USD before settling at its strong closing value.
Limited movement occurred after the closing bell. As of 7:59 pm GMT-4, AVGO was trading at 203.60 USD in the after-hours market, a slight dip of 0.038 USD or 0.019%.
Key financial details accompanying the stock data show Broadcom’s market capitalization at 95.75KCr. The company’s Price-to-Earnings (P/E) ratio is listed as 98.20, and it provides a dividend yield of 1.16%.
Thursday’s closing price keeps Broadcom within its yearly trading band. The stock’s 52-week high is recorded at 251.88 USD, with the 52-week low at 122.33 USD. Market observers continue to track AVGO’s performance within the dynamic tech sector.
