Avago Technologies Limited (AVGO) : The total money flow in Avago Technologies Limited (AVGO) was negative ($2.2 million), showing the domination of sellers in the Monday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $43.96 million. Transactions on upticks were comparatively lower at $41.76 million. The uptick to downtick ratio was 0.95. The total block trades done on upticks were valued at $6.83 million. The total block trades on downticks were valued at $8.75 million. The uptick to the downtick ratio of block trades was 0.78. The money flow during block trades was negative ($1.92 million) when the stock traded with a gain of $321 cent. Avago Technologies Limited (AVGO) was $175.68, an increase of 1.86% over the previous days close.
Shares of Broadcom Limited rose by 4.27% in the last five trading days and 8.92% for the last 4 weeks. Broadcom Limited is up 23.44% in the last 3-month period. Year-to-Date the stock performance stands at 21.72%.
Avago Technologies Limited (NASDAQ:AVGO): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $173.37 and $172.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $175.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $175.54, notching a gain of 1.78% for the day. The total traded volume was 2,580,707 . The stock had closed at $172.47 on the previous day.
In a related news, The director officer (Chief Technical Officer), of Broadcom Ltd, Samueli Henry had unloaded 21,859 shares at $154.84 per share in a transaction on May 6, 2016. The total value of transaction was $3,384,648. The Insider information was revealed by 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.