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Broadcom Stock Crashes to $170! Here’s Why AVGO Is Down by 90% from Friday’s Close

The 10-for-one stock split is expected to make ownership of Broadcom stock more affordable to investors.Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. Broadcom’s stock price is likely to fall significantly when the US stock market opens on Monday!

Broadcom Stock Crashes to $170! Here’s Why AVGO Is Down by 90% from Friday’s Close

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Here’s Why AVGO Is Down by 90% from Friday’s Close","url":"https://stock-news.laohu8.com/highlight/detail?id=1103863215","media":"The Financial Express","summary":"The 10-for-one stock split is expected to make ownership of Broadcom stock more affordable to investors.Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. Broadcom’s stock price is likely to fall significantly when the US stock market opens on Monday!","content":"<html><head></head><body><p>The 10-for-one stock split is expected to make ownership of Broadcom stock more affordable to investors.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f1e45a8c6996171465df7ee95a7c372b\" alt=\"Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. (Reuters)\" title=\"Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. (Reuters)\" tg-width=\"1024\" tg-height=\"576\"/><span>Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. (Reuters)</span></p><p style=\"text-align: start;\">Broadcom’s stock price is likely to fall significantly when the US stock market opens on Monday! Broadcom’s share price is currently at $170 (pre-market) before trading begins on July 15. On July 12, Nasdaq-listed AVGO shares ended at $1,700.67. This means Broadcom’s stock price has plunged by about 90% from Friday’s closure.</p><p style=\"text-align: start;\">However, shareholders of Broadcom need not worry about the fall in the price of the AVGO stock. The fall in the price of the AVGO stock is an adjustment made effective as a result of a stock split in the shares of the company. On June 12, Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced the ten-for-one stock split.</p><p>Broadcom has implemented the 10-for-one stock split to make ownership of Broadcom stock more affordable to investors. As a result of the stock split, each Broadcom stockholder of record as of the close of the Nasdaq Stock Market on July 11, 2024 would have received an additional nine shares of Broadcom common stock for every one share of Broadcom common stock held. Trading is expected to commence on a split‐adjusted basis when the Nasdaq Stock Market opens on July 15, 2024.</p><p>At the market opening, the stock price per share is expected to be reduced to one‐tenth of the pre‐split value, while the number of shares outstanding will be increased to ten times the number of shares outstanding pre‐split. The par value will remain at $0.001 per share for both the current (pre‐stock split) and new (post‐stock split) shares of Broadcom common stock.</p><p style=\"text-align: start;\">So, if the closing price pre-split was $1,700.67, a 10-1 stock split will adjust the price to $170, reflecting a fall of 90% in the price of shares. As the number of shares will proportionately increase, the market value of shareholder’s wealth will remain the same. Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. The shareholders of fractional shares of Broadcom common stock need to consult their broker.</p><h2 id=\"id_639075678\" style=\"text-align: start;\">July 11, 2024 – Record Date</h2><p style=\"text-align: start;\">The date on which Broadcom stockholders of record as of the close of the Nasdaq Stock Market were identified.</p><h2 id=\"id_3149339933\" style=\"text-align: start;\">July 12, 2024 – Effective Date</h2><p style=\"text-align: start;\">The date on which eligible Broadcom stockholders received an additional nine shares of Broadcom common stock for each share of Broadcom common stock they held on the Record Date. There will not be any stock certificates issued as a result of the stock split. The additional shares one receives as a result of the stock split will be issued through the Direct Registration System (DRS). If you hold shares in a brokerage account, the additional shares from the stock split will be automatically deposited into that brokerage account.</p><h2 id=\"id_172666159\" style=\"text-align: start;\">July 15, 2024 – First Post‐Stock Split Trading Date</h2><p style=\"text-align: start;\">The date when Broadcom common stock is expected to begin trading on a split‐adjusted basis. After July 15, 2024, any quarterly cash dividend declared will reflect the stock split.</p><p style=\"text-align: start;\">If you would have sold or transferred Broadcom common stock after the close of the Nasdaq Stock Market on July 11, 2024 (Record Date) and prior to the close of the Nasdaq Stock Market on July 12, 2024 (Effective Date), the right to receive the additional shares issuable in the stock split in respect of the stock sold would have transferred with the stock sold.</p><p style=\"text-align: start;\">If you would have purchased Broadcom common stock after the close of the Nasdaq Stock Market on July 11, 2024 (Record Date) and prior to the close of the Nasdaq Stock Market on July 12, 2024 (Effective Date), the right to receive the additional shares issuable in the stock split in respect of the stock purchased would have transferred with the stock purchased. There could be a delay in receiving the additional shares from the stock split.</p><h2 id=\"id_1755832754\" style=\"text-align: start;\">Calculation of Earnings Per Share</h2><p style=\"text-align: start;\">When there is a forward stock split on a ten‐for‐one basis, the number of shares outstanding is increased by a multiple of ten. Earnings per share are therefore calculated using the new share count (ten times the prior count). To illustrate, if EPS were previously $3.00/share and there were 100 shares outstanding or a market capitalization of $300, the new EPS would be $0.30/share on 1,000 shares outstanding with a market capitalization of $300.</p></body></html>","source":"lsy1663223479167","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Broadcom Stock Crashes to $170! 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Here’s Why AVGO Is Down by 90% from Friday’s Close\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-15 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.financialexpress.com/business/investing-abroad-broadcom-stock-split-avgo-to-start-trading-on-split-adjusted-basis-from-today-3554077/><strong>The Financial Express</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The 10-for-one stock split is expected to make ownership of Broadcom stock more affordable to investors.Broadcom will not issue any fractional shares of Broadcom common stock in connection with the ...</p>\n\n<a href=\"https://www.financialexpress.com/business/investing-abroad-broadcom-stock-split-avgo-to-start-trading-on-split-adjusted-basis-from-today-3554077/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AVGO":"博通"},"source_url":"https://www.financialexpress.com/business/investing-abroad-broadcom-stock-split-avgo-to-start-trading-on-split-adjusted-basis-from-today-3554077/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103863215","content_text":"The 10-for-one stock split is expected to make ownership of Broadcom stock more affordable to investors.Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. (Reuters)Broadcom’s stock price is likely to fall significantly when the US stock market opens on Monday! Broadcom’s share price is currently at $170 (pre-market) before trading begins on July 15. On July 12, Nasdaq-listed AVGO shares ended at $1,700.67. This means Broadcom’s stock price has plunged by about 90% from Friday’s closure.However, shareholders of Broadcom need not worry about the fall in the price of the AVGO stock. The fall in the price of the AVGO stock is an adjustment made effective as a result of a stock split in the shares of the company. On June 12, Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced the ten-for-one stock split.Broadcom has implemented the 10-for-one stock split to make ownership of Broadcom stock more affordable to investors. As a result of the stock split, each Broadcom stockholder of record as of the close of the Nasdaq Stock Market on July 11, 2024 would have received an additional nine shares of Broadcom common stock for every one share of Broadcom common stock held. Trading is expected to commence on a split‐adjusted basis when the Nasdaq Stock Market opens on July 15, 2024.At the market opening, the stock price per share is expected to be reduced to one‐tenth of the pre‐split value, while the number of shares outstanding will be increased to ten times the number of shares outstanding pre‐split. The par value will remain at $0.001 per share for both the current (pre‐stock split) and new (post‐stock split) shares of Broadcom common stock.So, if the closing price pre-split was $1,700.67, a 10-1 stock split will adjust the price to $170, reflecting a fall of 90% in the price of shares. As the number of shares will proportionately increase, the market value of shareholder’s wealth will remain the same. Broadcom will not issue any fractional shares of Broadcom common stock in connection with the stock split. The shareholders of fractional shares of Broadcom common stock need to consult their broker.July 11, 2024 – Record DateThe date on which Broadcom stockholders of record as of the close of the Nasdaq Stock Market were identified.July 12, 2024 – Effective DateThe date on which eligible Broadcom stockholders received an additional nine shares of Broadcom common stock for each share of Broadcom common stock they held on the Record Date. There will not be any stock certificates issued as a result of the stock split. The additional shares one receives as a result of the stock split will be issued through the Direct Registration System (DRS). If you hold shares in a brokerage account, the additional shares from the stock split will be automatically deposited into that brokerage account.July 15, 2024 – First Post‐Stock Split Trading DateThe date when Broadcom common stock is expected to begin trading on a split‐adjusted basis. After July 15, 2024, any quarterly cash dividend declared will reflect the stock split.If you would have sold or transferred Broadcom common stock after the close of the Nasdaq Stock Market on July 11, 2024 (Record Date) and prior to the close of the Nasdaq Stock Market on July 12, 2024 (Effective Date), the right to receive the additional shares issuable in the stock split in respect of the stock sold would have transferred with the stock sold.If you would have purchased Broadcom common stock after the close of the Nasdaq Stock Market on July 11, 2024 (Record Date) and prior to the close of the Nasdaq Stock Market on July 12, 2024 (Effective Date), the right to receive the additional shares issuable in the stock split in respect of the stock purchased would have transferred with the stock purchased. There could be a delay in receiving the additional shares from the stock split.Calculation of Earnings Per ShareWhen there is a forward stock split on a ten‐for‐one basis, the number of shares outstanding is increased by a multiple of ten. Earnings per share are therefore calculated using the new share count (ten times the prior count). To illustrate, if EPS were previously $3.00/share and there were 100 shares outstanding or a market capitalization of $300, the new EPS would be $0.30/share on 1,000 shares outstanding with a market capitalization of $300.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}