Reported 10 days ago
Broadcom's stock saw an increase in after-hours trading following the announcement of a share repurchase plan worth up to $10 billion, effective until December 31st. This move suggests the company's belief that their shares are now a valuable investment, especially given a significant drop of 38% from their mid-December high. Market analysts anticipate that more companies might follow suit with similar announcements during earnings season.
Source: YAHOO