Broadcom Stock Faces Headwinds, Drops Nearly 2% in Morning Trading
Broadcom Inc (NASDAQ: AVGO), a global technology leader in semiconductor and infrastructure software solutions, saw its shares decline during the morning trading session on April 28th. The prominent chipmaker experienced selling pressure, pushing its stock price lower.
As of 11:17 am GMT-4, Broadcom stock was trading at 188.72 USD. This price reflected a decrease of 3.59 USD, or 1.87 percent, from the previous day’s closing price of 192.31 USD.
The trading session for AVGO commenced at 190.53 USD. While the stock reached an intraday high of 192.87 USD earlier in the session, it subsequently trended downward, establishing a low of 188.66 USD around the time of the latest price reading. The intraday chart clearly shows a downward trajectory during the morning hours.
Broadcom’s current trading price sits within its 52-week range. The stock has seen a high of 251.87 USD and a low of 122.33 USD over the past year.
Key financial details indicate Broadcom holds a substantial market capitalization of 88.72KCr. The company’s current Price to Earnings (P/E) ratio is 91.01, and it provides shareholders with a dividend yield of 1.25 percent. Investors continue to monitor AVGO’s performance within the dynamic semiconductor sector.
