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Broadcom (BRCM) stock jumped early Monday after the chipmaker said it will look to sell or wind down its wireless business. Irvine, Calif.-based Broadcom said it has hired investment banker JPMorgan (JPM) to advise on its “strategic alternatives.” Broadcom was up 12% in early trading in the stock market today, near 35.75 and close to a 52-week high. It’s now above a 32.41 buy point out of a flat base. “The successful sale or wind-down of the Scalper1 News
Scalper1 News