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Broadcom announced a 10-for-1 stock split to make shares more accessible to all investors. ... (NASDAQ: AVGO) latest investor update. *Stock prices used were the afternoon prices of June 11, 2024 ...
Specifically, Broadcom announced a 10-for-1 stock split after the market closed on June 12. Its share price has increased 3% since the market opened the following day, leaving implied upside of ...
Broadcom shares have soared well past $1,000 in recent times.
Broadcom facility in Cambridge UK, as seen in 2011 Broadcom Corporation was founded by professor-student pair Henry Samueli and Henry Nicholas from UCLA in 1991. In 1995 the company moved from its Westwood, Los Angeles office to Irvine, California. [ 1 ]
Avago Technologies Limited changed its name to Broadcom after acquiring Broadcom Corporation in January 2016. Avago's ticker symbol AVGO now represents the merged entity. Avago's ticker symbol AVGO now represents the merged entity.
Networking solutions specialist Broadcom is set to complete is first-ever split and join an exclusive club of stock-split stocks in 2024.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Nvidia’s successful 10-for-1 split in June 2024 followed the stock’s meteoric rise. Shareholders will receive their additional shares of Broadcom after the stock market closes on July 12.