Why Broadcom Stock Jumped Today | The Motley Fool

After sell-offs yesterday, Broadcom (AVGO 5.42%) stock rebounded in Friday’s trading. The company’s share price ended the day’s trading up 5.4%. Meanwhile, the S&P 500 (^GSPC 1.81%) and the Nasdaq Composite (^IXIC 2.06%) climbed 1.8% and 2.1%, respectively.

Broadcom stock posted significant gains amid a day of rebound trading for the broader market. The company’s share price also appears to have gotten a boost from new analyst coverage — even though that…