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. Stock
€242.20
2.770%
With 81 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 252 € there is a slightly positive potential of 4.05% for Broadcom Ltd. compared to the current price of 242.2 €.
