Broadcom’s CEO, Hock Tan, sold $24.3 million worth of stock, raising investor concerns. Analysts, however, are bullish on the company, with upgrades and purchases of shares. Broadcom operates globally, offering semiconductor solutions and software. Despite insider selling, the company’s strong backlog and positive earnings suggest growth. Analysts maintain a “Strong Buy” rating, with a $480 target price and potential 50% upside.

Read more at Yahoo Finance: Broadcom CEO Hock Tan Just Sold $24 Million Worth of AVGO Stock. Should You Dump Shares Too?