TLDR:
- Flagship Harbor Advisors reduced Broadcom holdings by 6.3% to 45,382 shares worth $10.5M
- Insiders sold 191,278 shares worth $44.9M in recent quarter
- Company beat Q4 earnings estimates with $1.42 EPS vs $1.39 expected
- Revenue grew 51.2% year-over-year to $14.05B
- Stock maintains “Moderate Buy” rating with $225.83 average price target
Broadcom Inc. (NASDAQ: AVGO) faced selling pressure from both institutional investors and company insiders, according to recent regulatory filings, even as…
Article Source
https://moneycheck.com/broadcom-avgo-stock-faces-44-9m-insider-selling-despite-revenue-growth/