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Why Broadcom Stock Is Plummeting Today

TheMotleyFool 
0 0 12.12.25
Why Broadcom Stock Is Plummeting TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png
 

(NASDAQ: AVGO) stock is falling rapidly in Friday's daily trading session. The company's share price was down 11.7% as of 3 p.m. ET.

After yesterday's market close, Broadcom published results for the fourth quarter of its last fiscal year -- a period that ended Nov. 2. The company posted sales and earnings for the period that topped Wall Street's expectations, but bearish momentum is surging in response to other performance indicators.

Image source: Getty Images.

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Source Fool.com

Broadcom Ltd. Stock

€369.75
1.370%
Broadcom Ltd. gained 1.370% today.
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 404 € shows a slightly positive potential of 9.26% compared to the current price of 369.75 € for Broadcom Ltd..
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