Shares of Avago Technologies Limited (AVGO) Sees Large Inflow of Net Money Flow

Avago Technologies Limited (AVGO) : Fridays money flow indicated an uptick to downtick ratio was at 1.01. The total value of inflow transactions on upticks was $351.87 million, whereas, the total value of outflow trades on downticks was $347.53 million. The total money flow was $4.35 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $8.43 million. The total value of the trades done on upticks was $34.77 million. Downticks saw transactions worth $26.34 million. The total uptick to downtick ratio stood at 1.32, mildly in favor of the bulls. Avago Technologies Limited (AVGO) was trading with a -2.25% change over previous days close. It fell $3.98 during the day and reached $173.11. The stock was -2.29% compared to the previous weeks close.


The company Insiders own 6.2% of Avago Technologies Limited shares according to the proxy statements. Institutional Investors own 91.65% of Avago Technologies Limited shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Technical Officer) of Broadcom Ltd, Samueli Henry had sold 21,859 shares worth of $3,384,648 in a transaction dated May 6, 2016. In this transaction, 21,859 shares were sold at $154.84 per share.

Avago Technologies Limited (NASDAQ:AVGO): stock was range-bound between the intraday low of $168.8 and the intraday high of $177.34 after having opened at $177 on Fridays session. The stock finally closed in the red at $177, a loss of -2.25%. The stock remained in the red for the whole trading day. The total traded volume was 8,066,808 shares. The stock failed to cross $177.34 in Fridays trading. The stocks closing price on Thursday was $177.09.

Avago Technologies Limited (AVGO) has risen sharply, recording gains of 1.76% in the past 4 weeks. However, the stock has corrected -2.29% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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