Broadcom stock heads into a long weekend: what Wall Street will watch next
Broadcom shares closed up 2.6% at $351.71 Friday after analyst upgrades and higher price targets. The move followed a sharp drop earlier in the week tied to Chinese restrictions on VMware software. U.S. markets are closed Monday for Martin Luther King Jr. Day, with trading set to resume Tuesday. Broadcom has $4.5 billion in senior notes coming due Jan. 22 and Feb. 6.