Broadcom Stock Jumps Over 6%, Extends Gains in After-Hours Action

NEW YORK, USA – Broadcom Inc (NASDAQ: AVGO) shares registered a strong performance on Wednesday, April 24th, closing the regular trading session significantly higher and continuing the upward trend in after-hours activity.

The semiconductor and software company’s stock closed the main session at 188.15 USD. This marked a substantial gain of $11.24 per share, representing a 6.35% increase for the day compared to the previous close of 176.91 USD.

Market activity remained positive after the closing bell. As of 7:58 PM Eastern Time (GMT-4), Broadcom shares were trading at 189.87 USD in the after-hours market, adding another $1.72 or 0.91% to the day’s advance.

During the regular trading hours on Wednesday, Broadcom stock opened at 179.69 USD. It experienced a steady climb throughout the day, reaching an intraday high of 188.57 USD near the close and touching a low of 178.30 USD earlier in the session. The chart visually confirms this consistent upward momentum.

Key financial metrics for Broadcom updated following the close include:

• Market Cap: Approximately 88.47 Billion USD (shown as 88.47KCr).

• P/E Ratio: Currently stands at 90.73.

• Dividend Yield: Offering a yield of 1.25%.

Even with the day’s strong gains, the closing price remains within the stock’s 52-week range. Over the past year, Broadcom shares have traded as high as 251.88 USD and as low as 122.33 USD.

Investor focus remains on AVGO following its robust performance during the main session and the positive continuation seen in extended trading hours.