When a stock dips in value, it can be a good opportunity to buy it at a reduced price.
But that’s only if you expect it to bounce back
In many cases, it can be the start of a prolonged decline. That’s why it’s always important to consider the context and to understand why a stock is down. That can save you a lot of stress later on.
Broadcom (NASDAQ: AVGO) shares have been falling recently. They are down more than 7% in the past month, which may not seem significant, but they have also fallen more than 20% from highs of nearly $500. Why is the tech giant struggling, and could now be a good time to buy it?