Broadcom (AVGO) Stock Gains Nearly 1.5% in Active Tuesday Session
Shares of semiconductor and infrastructure software giant Broadcom Inc. (AVGO) demonstrated notable strength during Tuesday’s trading on the Nasdaq.
As of 11:57 AM EDT, Broadcom stock was trading at $158.36 per share. This price represents a solid gain of $2.33, translating to an increase of 1.49% for the session thus far. The positive move lifts the stock from its previous closing price of $156.03.
The trading day saw significant volatility for AVGO. Shares opened strongly at $160.63 and surged to a day’s high of $163.53 shortly after the opening bell. However, the stock subsequently pulled back from these peak levels, establishing a session low of $157.51 before settling near the $158 mark.
Trading volume was active, with nearly 14.5 million shares changing hands by late morning, although this remained below the average volume. This price action contributes to Broadcom’s substantial intraday market capitalization, currently valued at over $744 billion.
