Large Inflow of Money Detected in Avago Technologies Limited

Avago Technologies Limited (AVGO) : $81.99 million worth of transactions were on upticks in Avago Technologies Limited (AVGO), compared to $78.41 million on downticks. The ratio between the two was 1.05, whereas, the net money flow stood at a healthy $3.58 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $4.94million worth of trades. The total money flow into the stock stood at $4.94 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.42%. The stock was trading at $176.65, with a drop of $0.75 over the previous days close. The stock recorded -0.29% for the week.


Also, Baird initiates coverage on Avago Technologies Limited (NASDAQ:AVGO). Baird has a Outperform rating on the shares. The rating by the firm was issued on August 12, 2016.

Broadcom Limited has dropped 0.19% in the last five trading days, however, the shares have posted positive gains of 8.25% in the last 4 weeks. Broadcom Limited is up 14.72% in the last 3-month period. Year-to-Date the stock performance stands at 22.73%.

Avago Technologies Limited (NASDAQ:AVGO): The stock opened at $178.16 on Tuesday but the bulls could not build on the opening and the stock topped out at $179.42 for the day. The stock traded down to $175.94 during the day, due to lack of any buying support eventually closed down at $177.00 with a loss of -0.23% for the day. The stock had closed at $177.40 on the previous day. The total traded volume was 2,783,751 shares.

In a related news,The director officer (Chief Technical Officer) of Broadcom Ltd, Samueli Henry sold 21,859 shares at $154.84 on May 6, 2016. The Insider selling transaction had a total value worth of $3,384,648. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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