Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 62% of recent unusual options activity being bearish. Whales have been targeting a price range of $320 to $900 for Broadcom over the last 3 months. Analysts maintain positive ratings with price targets ranging from $785 to $940.
June 06, 2023 | 2:16 pm
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Broadcom experiences bearish options activity with 62% of recent unusual trades being bearish. Analysts maintain positive ratings with price targets ranging from $785 to $940.
The bearish options activity indicates that some investors are expecting a short-term decline in Broadcom's stock price. However, the positive ratings and price targets from analysts suggest that the overall outlook for the company remains positive. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100