This Is What Whales Are Betting On Broadcom
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $440.0 to $1090.0 for Broadcom over the last 3 months. The price of AVGO is up 0.75% at $869.07. Several financial institutions have maintained their positive ratings on Broadcom, with price targets ranging from $830 to $940.
June 30, 2023 | 3:02 pm
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A large investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with overall sentiment among big-money traders being 41% bullish and 58% bearish. Several financial institutions have maintained their positive ratings on Broadcom, with price targets ranging from $830 to $940.
The bearish stance taken by a large investor, as well as the overall bearish sentiment among big-money traders, could potentially lead to a decrease in Broadcom's stock price in the short term. However, the positive ratings and price targets maintained by several financial institutions could mitigate this impact to some extent.
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