Previous close | 148.21 |
Open | 148.69 |
Bid | 157.98 x 300 |
Ask | 158.27 x 300 |
Day's range | 145.04 - 158.87 |
52-week range | 79.51 - 185.16 |
Volume | |
Avg. volume | 37,464,970 |
Market cap | 739.213B |
Beta (5Y monthly) | 1.18 |
PE ratio (TTM) | 128.67 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 2.12 (1.34%) |
Ex-dividend date | 19 Sept 2024 |
1y target est | N/A |
Decoding Broadcom Inc's Strengths, Weaknesses, Opportunities, and Threats
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 6.1% in the afternoon session after markets rebounded (Nasdaq up 1.8%, S&P 500 up 0.8%) after shaking off the initial negative reaction to the August inflation report by the Bureau of Labor Statistics. The report revealed that CPI (Consumer Price Index - a gauge of the average price consumers pay for goods and services) for the month of August 2024 came in line with expectations, growing 0.2% month on month.
Artificial intelligence-chip maker Broadcom is a standout at a time when companies of all stripes are struggling to recover from the recent market retreat. On Wednesday, the Relative Strength (RS) Rating for Broadcom stock got an upgrade from 88 to 91. The upgraded 91 RS Rating shows that Broadcom is among the top 9% of stocks for price performance over the past year.