Broadcom Stock (AVGO) Rises Over 2.5% During Market Hours, Dips Slightly After Close
NEW YORK – Broadcom Inc (NASDAQ: AVGO) stock demonstrated positive momentum during the May 1st trading session, securing gains before experiencing a minor pullback in extended trading.
The chipmaker’s shares concluded the official trading day at 197.33 USD. This figure reflects a gain of 4.86 USD, or 2.53 percent, compared to the prior day’s closing value of 192.47 USD. The session began with an opening price of 198.14 USD, saw a peak at 201.40 USD, and reached its lowest point at 196.24 USD. The chart shows the stock generally trending upwards through the middle of the day before softening towards the closing bell.
Market activity continued after the close at 7:59 pm GMT-4, with Broadcom’s after-hours price listed at 197.02 USD. This represented a small decline of 0.31 USD, equivalent to 0.16 percent, from the session’s closing price.
Financial details provided in the market summary include Broadcom’s market capitalization at 92.78KCr and a Price-to-Earnings (P/E) ratio of 95.16. The company also offers shareholders a dividend yield of 1.20 percent.
The stock’s performance over the last year has seen it reach a 52-week high of 251.87 USD and fall to a 52-week low of 122.33 USD. Developments for AVGO remain a point of interest for market observers.
