Broadcom Inc. (AVGO) Stock Drops Despite Market Gains: Important Facts to Note

The latest trading session saw Broadcom Inc. (AVGO) ending at $231.36, denoting a -0.28% adjustment from its last day’s close. This change lagged the S&P 500’s 0.36% gain on the day. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 0.51%.

Shares of the chipmaker have appreciated by 1.17% over the course of the past month, outperforming the Computer and Technology sector’s of 0% and lagging the S&P 500’s gain of 2.11%.

The upcoming earnings release of Broadcom…