Broadcom Limited (AVGO) Dips 3.4% for August 10

Equities Staff |

Among the S&P 500’s biggest fallers on Thursday August 10 was Broadcom Limited (AVGO). The stock experienced a 3.4% decline to $240.71 with 2.78 million shares changing hands.

Broadcom Limited started at an opening price of 246.66 and hit a high of $247.00 and a low of $240.46. Ultimately, the stock took a hit and finished the day at $8.46 per share. Broadcom Limited trades an average of 2.54 million shares a day out of a total 406.59 million shares outstanding. The current moving averages are a 50-day SMA of $245.54 and a 200-day SMA of $210.45. Broadcom Limited hit a high of $258.49 and a low of $158.75 over the last year.

Broadcom Ltd is engaged in designing, developing and supplying analog and digital semiconductor connectivity solutions. Its product portfolio serves wired infrastructure, wireless communications, enterprise storage and industrial and other end markets.

With its headquarters located in Singapore, , Broadcom Limited employs 15,700 people. After today’s trading, the company’s market cap has fallen to $97.87 billion, a P/S of 8.13, a P/B of 5.04, and a P/FCF of 38.9.

To dig deeper into the fundamentals of Broadcom Limited and perform your own analysis, visit our Stock Valuation Analysis tool for AVGO.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Broadcom Limited and to follow the company’s latest updates, you can visit the company’s profile page here: AVGO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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