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Cullen Investment Group LTD. Lowers Stake in Broadcom Inc. $AVGO
Cullen Investment Group LTD. significantly reduced its stake in Broadcom Inc. by 18.2% in the fourth quarter, selling 15,418 shares and now holding 69,108 shares valued at $23.83 million. This comes amidst substantial insider selling totaling $133.46 million over the past 90 days, including sales by prominent insiders. Despite the share reduction and insider sales, the article notes that Broadcom’s AI-driven growth thesis remains strong due to a multiyear OpenAI partnership and analyst upgrades, even after a recent 24% stock pullback.