Insider buying can be an encouraging signal for potential investors, especially when markets are uncertain or near highs.
The initial public offering of a SPAC merger prompted some insider purchases.
The chief executive officer of a financial services outfit was among the week's notable buyers.
Looking at Q2, Broadcom (NASDAQ:AVGO) earned $1.98 billion, a 7.51% increase from the preceding quarter. Broadcom's sales decreased to $6.61 billion, a 0.68% change since Q1. In Q1, Broadcom brought in $6.66 billion in sales but only earned $1.84 billion.