Broadcom (AVGO) Stock Pulls Back From Intraday Peak, Hovers Near $190

Broadcom Inc (NASDAQ: AVGO) shares experienced a slight pullback in Tuesday afternoon trading after recovering significantly from earlier lows. The semiconductor and infrastructure software company’s stock was navigating the session modestly below its previous closing price.

As of 2:30 pm GMT-4 on April 30th, Broadcom stock traded at 190.44 USD. This represents a decline of $0.73, or 0.38%, for the day. The current price is slightly under the previous session’s close of $191.17. Trading activity showed the stock opening the day lower at $185.90 and hitting a low of $184.02 early in the session. It then staged a rally to reach an intraday high of $191.47, briefly surpassing the prior close before easing back.

Market participants monitoring Broadcom note its current Price to Earnings (P/E) ratio stands at 91.84. The company provides shareholders with a dividend yield of 1.24%. Observing the stock’s performance over a longer timeframe adds context: Broadcom shares have registered a 52 week high of $251.87 and a 52 week low of $122.33. Tuesday’s price movement reflects consolidation near the session highs following a notable intraday recovery from its earlier dip.