SAN JOSE, CA – Shares of semiconductor and infrastructure software solutions provider Broadcom Inc (NASDAQ: AVGO) finished the trading day in negative territory on April 17th, drawing attention from market watchers.
The stock closed the regular session at 3.62 per share. This translates to a 2.07% drop for the day, indicating notable selling pressure on the widely followed tech name. The data reflects market closure as of 7:59 pm GMT-4.
Broadcom’s trading day was marked by volatility. After a previous close of $174.61, AVGO shares opened significantly higher at $176.25, which also marked the high point for the session. However, the stock immediately faced downward momentum, falling throughout the morning to reach an intraday low of $169.92 shortly after noon. While it saw some fluctuation in the afternoon, it ultimately failed to reclaim its opening levels.
In a slight positive turn after the bell, Broadcom shares saw a modest uptick in after-hours trading, reaching $171.40, an increase of $0.41 or 0.24% from the official close.
Despite the day’s decline, the closing price keeps AVGO well above its 52-week low of $119.76. However, it remains substantially below the stock’s 52-week high of $251.87, highlighting the broader range the shares have experienced over the past year. Investors continue to monitor developments impacting Broadcom and the semiconductor sector.
