Broadcom Inc closed at 221.27 USD, reflecting a gain of 9.30 points (4.39%) over the past five days. As of January 31 at 7:59 PM GMT-5, the stock demonstrated solid upward momentum, signaling positive sentiment. However, in after-hours trading, Broadcom‘s stock dropped slightly to 220.02 USD, losing 1.25 points (-0.56%), indicating some profit-taking or a slight market pullback after the regular session.
During the session, Broadcom reached a high of 226.80 USD, suggesting strong investor interest and demand, as the stock peaked during the day. The low of 216.30 USD reveals some intraday volatility, as the stock experienced a notable pullback. The opening price of 219.66 USD indicates that Broadcom started the trading session at a moderate level before experiencing a climb. The company’s market capitalization is posted at a total of 1.04L Cr.
Even though the tech sector had a tough week Broadcom still had a positive trading week. The stock’s surge particularly on Thursday was also advanced by the greater use of its chip designs by Meta Platforms.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.
