United States – Broadcom Inc (NASDAQ: AVGO) shares experienced a notable downturn during the trading session on April 17th, closing significantly lower. The stock finished the day at 170.99 USD, reflecting a substantial drop of 3.62 USD, or 2.07%, compared to the previous close.
The semiconductor and infrastructure software solutions company saw its stock open the trading day at 176.25 USD, which also represented the high point for the session. However, selling pressure emerged quickly, pushing the price down throughout the morning. AVGO hit an intraday low of 169.92 USD before settling slightly above that level at the close. The closing price was markedly below the previous day’s finish of 174.61 USD.
Key financial metrics show Broadcom with a P/E ratio of 82.46 and a market capitalization of 80.40KCr. The company provides a dividend yield of 1.38%. While today’s closing price is well above the 52-week low of 119.76 USD, it remains considerably distant from the 52-week high of 251.87 USD.
After the official market close at 7:59 pm GMT-4, Broadcom’s shares saw a minor recovery in after-hours trading, rising slightly to 171.40 USD, an increase of 0.41 USD (0.24%). Market participants continue to watch Broadcom’s trajectory amidst broader market movements.
