Broadcom CEO Tan Hock E sells 70,000 shares for $24.3M; stock down 18.2% in 30 days, trading 19.5% below 52-week high
Tan Hock E, Broadcom's President and CEO, executed 3 separate sales totaling 70,000 shares for $24,310,684.42 on 2026-01-06, reducing his post-transaction holdings to 132.8K shares (a -34.5% reduction from 202.8K pre-transaction). The blended average sale price was $347.30, yet the current stock price is $332.48—11.8% below his transaction prices—indicating the stock has declined since he divested. The broader context shows significant downward momentum: Broadcom is down 18.2% over the past 30 days and trades 19.5% below its 52-week high of $412.97. Against this backdrop, his substantial sales of shares at prices near the recent peak merit attention, particularly given the stock's sharp recent deterioration. Although his cross-ticker track record shows modest historical timing success (14.29% well-timed rate across 20 prior sells, with an average 90-day return of +14.7%), his 5 prior trades at AVGO offer no measurable outcome data yet, leaving no established pattern at this specific ticker to reference.