Previous close | 37.65 |
Open | 39.80 |
Bid | 43.20 |
Ask | 48.50 |
Strike | 720.00 |
Expiry date | 2024-06-21 |
Day's range | 37.65 - 39.80 |
Contract range | N/A |
Volume | |
Open interest | 16 |
The U.S. inflation rate tipped the scales at its highest level in 40 years (9.1%), and the all three major U.S. stock indexes were, at one point, firmly entrenched in a bear market. A stock split is an event that allows a publicly traded company to alter its share price and outstanding share count without any impact to its market cap or operations. A forward stock split reduces a company's share price to make it more nominally affordable for retail investors.
Broadcom Inc. (AVGO) closed the most recent trading day at $601.30, moving +0.62% from the previous trading session.
Fears of a recession and other macro headwinds often drive investors to dump their tech stocks and invest in more defensive sectors. Today I'll take a closer look at three tech companies that should remain promising investments during a recession: the cloud-based services provider ServiceNow (NYSE: NOW), the diversified chipmaker Broadcom (NASDAQ: AVGO), and the Dutch semiconductor equipment maker ASML (NASDAQ: ASML).