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 or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. 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 up 0.32% at $896.41, and the next earnings are expected to be released in 34 days.
July 28, 2023 | 2:47 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Broadcom, indicating potential downward pressure on the stock.
The bearish stance taken by a large investor or institution, as indicated by unusual options activity, suggests that there may be downward pressure on Broadcom's stock in the short term. This is further supported by the 75% bearish sentiment among big-money traders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100