Broadcom Stock Is Still a Buy After 10-for-1 Split

Beginning with Monday’s opening bell, Broadcom (NASDAQ:AVGO) stock began trading at its new slimmed-down price of just under $170 a share. Following its 10-for-1 stock split on July 12, the artificial intelligence chipmaker was now available for a more affordable price.Investors, though, weren’t rushing in. Where smartphone chipmaker’s daily volume over the first 10 trading days of July averaged over 38 million shares, yesterday’s volume stood at 22.8 million shares.Was it just the stock split that caused i ...