Broadcom stock crashes to $170! Here’s why AVGO is down by 90% from Friday’s close

Broadcom’s stock price is likely to fall significantly when the US stock market opens on Monday! Broadcom’s share price is currently at around $170. 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.