financetom
Business
financetom
/
Business
/
What's Going On With Broadcom Stock Monday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With Broadcom Stock Monday?
Jul 15, 2024 6:43 AM

Broadcom Inc ( AVGO ) shares are in the spotlight Monday as the stock begins trading on a split-adjusted basis.

What To Know: Broadcom ( AVGO ) announced in June that it would be splitting its stock on a 10-for-1 basis to make ownership more accessible for investors and employees.

Shareholders of record as of July 11 received nine shares for every one share held as the stock began trading on a split-adjusted basis on Monday.

Broadcom ( AVGO ) shares are up more than 50% year-to-date. The stock got a bump in early July after Speaker of the House Nancy Pelosi (D-Calif.) disclosed the purchase of call options in the semiconductor giant.

According to Benzinga's Government Trades tool, the Congresswoman reported buying 20 call options in Broadcom ( AVGO ) stock for a total cost somewhere between $1 million and $5 million. The calls have a strike price of $800 and are set to expire on June 20, 2025.

See Also: Goldman Sachs Q2 Earnings: Revenue And EPS Beat, Investment Banking Fees Up 21%, Dividend Hike

How To Buy AVGO Stock

By now you're likely curious about how to participate in the market for Broadcom ( AVGO ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Broadcom ( AVGO ), which is trading at $170.07 as of publishing time, $100 would buy you 0.59 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

AVGO Price Action: Broadcom ( AVGO ) shares were down 0.15% at $159.81 at the time of publication, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Texas LNG export plant signs additional offtake deal with EQT
Texas LNG export plant signs additional offtake deal with EQT
Apr 23, 2024
April 23 (Reuters) - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional LNG tolling agreement with EQT Corp ( EQT ), the U.S. energy company said on Tuesday. ...
Boeing still taking engine deliveries at the same rate for MAX planes, GE Aerospace CEO says
Boeing still taking engine deliveries at the same rate for MAX planes, GE Aerospace CEO says
Apr 23, 2024
CHICAGO, April 23 (Reuters) - Boeing ( BA ) is still taking deliveries for 737 MAX jet engines from GE Aerospace at the same rate as prior to its recent crisis, the company's chief executive Lawrence Culp told Reuters on Tuesday. Boeing's ( BA ) production rate of MAX jets has fallen as U.S. regulators have stepped up factory checks...
Adeia Signs IP License Renewal With Altimedia
Adeia Signs IP License Renewal With Altimedia
Apr 23, 2024
09:57 AM EDT, 04/23/2024 (MT Newswires) -- Adeia ( ADEA ) said Tuesday that Altimedia signed a multi-year license renewal to access the company's media intellectual property portfolio. Altimedia, a provider of advanced media service solutions, offers a user experience platform to pay-TV and digital media service providers in Korea. Financial details were not disclosed. Shares of Adeia ( ADEA...
MSCI Q1 revenue misses estimates due to subscription cancellations
MSCI Q1 revenue misses estimates due to subscription cancellations
Apr 23, 2024
April 23 (Reuters) - MSCI's ( MSCI ) first-quarter revenue fell short of market expectations on Tuesday, hit by subscription cancellations and a contraction in margins due to one-time expenses, sending shares of the investment tools provider down 8%. The company's operating revenue rose nearly 15% to $680 million for the three months ended March 31, lower than analysts' estimate...
Copyright 2023-2026 - www.financetom.com All Rights Reserved