UNITED STATES – Broadcom Inc. (NASDAQ: AVGO) experienced a challenging trading session, with its share price declining significantly as investors navigated market fluctuations. The semiconductor and software solutions provider ended the day in the red.
At the closing bell on April 21st (7:44 pm GMT-4), Broadcom shares stood at 166.21 USD. This reflected a daily loss of $4.78, translating to a 2.80% decrease. Post-market trading indicated continued slight pressure, with the stock slipping by an additional $0.70 (0.42%) to 165.51 USD.
The day’s trading range for AVGO spanned from a low of 161.61 USD to a high of 168.00 USD, after opening the session at 166.99 USD. This compares to the previous closing price of 170.99 USD, highlighting the downward trend during the trading hours.
Key financial indicators for Broadcom show a current Price-to-Earnings (P/E) ratio of 80.15 and a dividend yield of 1.42%.
While the stock has pulled back from its 52-week high of 251.87 USD, it remains notably above its 52-week low of 120.14 USD. Market participants continue to monitor Broadcom’s performance and the broader factors impacting the technology sector.
