Broadcom Stock (AVGO) Climbs Higher: Shares Gain Over 1% in Afternoon Trading
San Jose, CA – Shares of semiconductor and infrastructure software giant Broadcom Inc. (NASDAQ: AVGO) are showing positive momentum in Tuesday’s afternoon trading session, May 7th. As of 2:57 PM Eastern Time, Broadcom stock was trading at 202.45 USD. This represents a solid increase of 2.36 USD, or 1.18%, for the current trading day.
Market activity for Broadcom saw the stock open the session at 199.28 USD, slightly below its previous close of 200.09 USD. Throughout the day, AVGO shares have reached an intraday high of 203.82 USD and touched a low of 198.43 USD. The 1-Day chart illustrates a generally upward trend with some volatility, including a noticeable spike in price leading up to the current trading time.
Key financial indicators for Broadcom highlight its substantial market capitalization, which is approximately 952.6 billion USD (based on the 95.26KCr figure provided). The company’s Price to Earnings (P/E) ratio is currently listed at 97.63, and it offers a dividend yield of 1.17% to its shareholders.
Looking at its performance over the past year, Broadcom’s stock has navigated a trading range with a 52-week high of 251.87 USD and a 52-week low of 128.50 USD. Today’s upward movement sees the stock performing well within this annual spectrum as investors monitor market developments.
