What Drove Shares of Broadcom Higher Last Week?
Shares of semiconductor (SMH) company Broadcom (AVGO) rose 7.9% to close at $246.94 in the week that ended on April 13, 2018. Although Broadcom stock rose 8% last week, it’s still generated a negative return in the last month. Broadcom had to abandon its plan for its $117 billion hostile acquisition of Qualcomm (QCOM).