Broadcom Spikes on Buyout Chatter, Intel Rides Higher -- Tech Winners & Losers
NEW YORK (TheStreet) --Broadcom (BRCM - Get Report) soared by double digits Wednesday on word that Avago Technologies(AVGO) is close to acquiring the chip maker. That chatter also sent other chip stocks higher, including Intel (INTC -Get Report) and Micron Technologies (MU) which also rose, in part due to an earlier report of rising demand for chips.
Broadcom spiked 21.8% to close at $57.15. Avago, reportedly the prospective buyer, soared 7.8% to end the day at $141.49.
Broadcom spiked 21.8% to close at $57.15. Avago, reportedly the prospective buyer, soared 7.8% to end the day at $141.49.
No comments:
Post a Comment