Shares of Broadcom Limited (AVGO) Sees Large Outflow of Money

Broadcom Limited (AVGO) traded on a positive note gaining 0.13 points or 0.06% to be valued at $225.04 per share. Intraday, the shares aggregated $12.66 million in upticks but saw an exodus of $17.72 million in downticks. The net money flow was calculated to be $(-5.06) million with the final up/down ratio coming in at 0.71. The share price has seen a change of -0.58% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $5.98 million in downticks. The net money flow for the block exchange was disappointing at $(-5.98) Million.

Based on the Stock Research reports from financial advisors, there are 22 Analysts recommending as a Strong Buy, and 2 Analysts recommending as a Moderate Buy. Investors should also note that 1 Stock brokerage firms are recommending to Hold the stock for short term. Broadcom Limited (NASDAQ:AVGO) witnessed a decline in the market cap on Thursday as its shares dropped 1.58% or 3.57 points. After the session commenced at $225.48, the stock reached the higher end at $225.82 while it hit a low of $221.57. With the volume soaring to 2,783,456 shares, the last trade was called at $222.36. The company has a 52-week high of $227.75. The company has a market cap of $89,247 million and there are 401,362,470 shares in outstanding. The 52-week low of the share price is $139.18.

Broadcom Limited is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems and displays. It serves wired infrastructure, wireless communications, enterprise storage and industrial & other market. Broadcom Limited, formerly known as Avago Technologies Limited, is headquartered in Singapore.


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