Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 32% bullish and 67% bearish. The whales have been targeting a price range from $370.0 to $1000.0 for Broadcom over the last 3 months. The price of AVGO is currently down -0.65% at $872.0. Mizuho has downgraded its action to Buy with a price target of $840.
July 11, 2023 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Broadcom has seen unusual options activity, with a significant bearish stance taken by a large investor. The current price is down -0.65% at $872.0, and Mizuho has downgraded its action to Buy with a price target of $840.
The unusual options activity and the bearish stance taken by a large investor indicate a potential downward movement in Broadcom's stock price. Additionally, Mizuho's downgrade of its action to Buy with a lower price target further supports this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100