Why Broadcom Stock Jumped 15% in April
Shares of Broadcom (NASDAQ: AVGO) were bucking the broader trend in the market last month as a well-timed buyback announcement, generally positive analyst research, and a new product announcement lifted the stock.
According to data from S&P Global Market Intelligence, the stock finished the month up 15%.
As you can see from the chart below, Broadcom got a lift from the share buyback announcement at the beginning of the month and then tracked similarly to the S 500 for the duration of April but with greater upside.
Source Fool.com
Broadcom Ltd. Aktie
367,00 €
1,42 %
Die Broadcom Ltd. Aktie genießt uneingeschränkte Beliebtheit: Nur Buy-Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für Broadcom Ltd. mit einem Kursziel von 404 € im Vergleich zum aktuellen Kurs von 367.0 €.
