What's Going On With Broadcom Stock Monday?

Broadcom Inc. (NASDAQ:AVGO) shares are trading lower Monday, continuing to fall after the company’s cautious outlook last week.

Broadcom stock is feeling bearish pressure. Why is AVGO stock dropping?

What To Know: Broadcom guided first-quarter revenue of approximately $19.1 billion, compared with the consensus estimate of $18.27 billion.

However, the company also guided for fiscal first-quarter gross margins to drop approximately 100 basis points sequentially.

How To Buy Broadcom Stock

By now you're likely curious about how to participate in the market for Broadcom – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Broadcom, which is trading at $340.24 as of publishing time, $100 would buy you 0.29 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

See Also: TeraWulf’s Options: A Look at What the Big Money is Thinking

AVGO Price Action: At the time of writing, Broadcom shares are trading 5.37% lower at $340.59, according to data from Benzinga Pro.

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