These Two Stock Could Deliver Sweet Returns: Broadcom Inc. (AVGO) and Knight-Swift Transportation Holdings Inc. (KNX)

On Jan 08, TAN HOCK E, President and CEO exercised an option 75,000 shares of Broadcom Inc. (NASDAQ: AVGO), with the average selling price of the stock being $38.99 per share. The total amount realized from this exercised an option $2,924,250. A document was filed with the Securities and Exchange Commission to notify the public about the exercised an option of the shares.

In addition to that, President and CEO – TAN HOCK E sold an extra 75,000 shares of this stock in a transaction that took place a day before, on Jan 08, with a share sold at an average of $311.02 and a total of $23,326,572 was realized from this transaction. After the transaction, the President and CEO – TAN HOCK E was left with 170,042 shares of the company’s stock, which is currently worth around $52886462.84.

The recent price movement of AVGO means that it is now down by -8.47% from its 52-week high and 21.88% up against its 52-week low prices. Over the past one week, the price volatility of AVGO stands at 2.36% while the volatility over the past one month is 1.77%. The beta score for this stock is 0.92. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 12/12/2019 published its latest quarterly earnings, with the report showing that the company recorded 5.55 earnings per share (EPS) during that period. This report was above the expectations of analysts of 5.23 by 0.32. The revenue by the firm was 5.99B for the quarter.

The shares of Broadcom Inc. (AVGO) dropped by -1.64%, leading to a loss of -$5.04 per share, and saw AVGO end the trading session at $303.14 on Wednesday 01/15/20. AVGO started the trading session at $307.31, before reaching a daily high of $307.88. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $300.70.

The trading volume on Wednesday stood at 2230124, which was below the stock’s 3-month average volume of 2.23 million shares, out of a total 387.14M shares. As the price of the stock dipped, the market valuation of the company dropped to 123.42 billion.

The shares of Knight-Swift Transportation Holdings Inc. (NYSE: KNX) went down by -0.05% by the end of the recent trading session. This movement saw its price plunge to close at $37.97, which was lower than the previous closing price of $37.99. Over the past one week, the price of KNX has jumped by 2.37%, while it has recorded a gain of 1.52% over the past one month. Its three-month performance saw KNX gain 6.36% while its six-month performance saw it surge by 8.21%. The situation is different though over the past one year, as the stock price went up by 31.66%, while its year-to-date (YTD) price performance jumped by 5.94%. The stock price has gone up by +11.68% compared to its 90-day low, while it is down -3.56% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 2,009,640 shares, with the short-term indicators averagely rating the stock as a 50% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,553,104 shares and the indicators have an average rating of 100% Buy. The last indicators, the long-term see KNX stock with a 100-Day average volume of 1,761,673 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves KNX with an average rating of 88% Buy.

Several brokerage firms sent out their reports KNX stock not long ago. In its report sent out on January 07, 2020, Wolfe Research lowered its ratings on KNX from a Peer Perform to a Outperform. In an earlier report on December 20, 2019, Cowen Reiterated the stock to a Market Perform. Goldman meanwhile in its report on December 05, 2019 Initiated its rating of the stock to “Buy”.

In related news to the company’s stock, around 87.40% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 376 institutions currently hold the KNX stock. In the last quarter, a 146,853,571 KNX shares were in the possession of institutions. On the other hand, the company recorded 53 new institutions who bought it their stock, while 41 institutions sold their entire KNX reserve. Of the current institutions investing in the stock, 136 increased their investment while 183 decreased their investment in the stock.