AVGO - What's Going On With Broadcom Stock Monday? | Benzinga
Broadcom Inc (NASDAQ:AVGO) shares are in the spotlight Monday as the stock begins trading on a split-adjusted basis.
What To Know: Broadcom 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 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 ...