Check Out What Whales Are Doing With AVGO
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 100% of the detected 13 strange trades being bearish. The trades include 7 puts amounting to $492,244 and 6 calls amounting to $247,119. The whales have been targeting a price range from $765.0 to $860.0 for Broadcom over the last 3 months. The price of AVGO is currently down -1.09% at $833.71, and RSI indicators suggest the stock may be approaching oversold. The next earnings are expected in 20 days.
August 11, 2023 | 2:16 pm
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Broadcom (NASDAQ:AVGO) has seen a bearish stance from a whale investor, with all detected trades being bearish. The stock price is currently down, and RSI indicators suggest it may be approaching oversold. The next earnings are expected in 20 days.
The bearish stance from a whale investor, coupled with the current decrease in stock price and the suggestion that the stock may be oversold, indicates a potential negative short-term impact on Broadcom's stock. The upcoming earnings release could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100