In today’s post:
143% Growth. Still Sold Off?! 😲
143% Growth. Still Sold Off?! 😲
Broadcom $AVGO ( ▼ 4.55% ) posted a monster quarter.
The stock then proceeded to faceplant.
Welcome to the market, where good news sometimes gets you punched in the face.
Let's start with the damage.
After earnings dropped, shares fell 22% to roughly $385 in just two days.
That's brutal. Especially for a stock that had just ripped 17.5% to an all-time high near $495 right before the print.
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