AVGO Under Pressure: Broadcom Shares Dip Late, Continue Slide After Market Close

Broadcom Inc (NASDAQ: AVGO) experienced selling pressure on Friday, April 29th, closing the regular trading day lower and seeing that negative momentum extend into after hours activity.

The semiconductor and infrastructure software company finished the official trading session at 191.17 USD. This represented a decline of 1.30 USD, or 0.68 percent, from the previous closing price of 192.47 USD. Throughout the day, Broadcom shares reached an intraday high of 193.25 USD and touched a low of 190.10 USD. The provided one day chart shows a noticeable drop in share price occurring late in the session, around the 4:00 pm market close.

This downward trajectory persisted after the closing bell. According to data timestamped at 7:59 pm GMT-4, AVGO was trading at 189.09 USD in the after hours market. This reflected a further decrease of 2.08 USD, or 1.09 percent, from the day’s official close.

Accompanying the price movement, key financial details reported included a market capitalization figure of 89.89KCr, a Price to Earnings (P/E) ratio of 92.19, and a dividend yield standing at 1.23 percent.

From a broader perspective, Friday’s close puts Broadcom stock significantly below its 52 week high mark of 251.87 USD, although it remains well above the 52 week low of 122.33 USD. Investors continue to track the performance of this major technology player.