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 in the publicly available options history. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $420.0 to $1360.0 for Broadcom over the last 3 months. The price of AVGO is currently down -1.08% at $855.79.
August 22, 2023 | 8:16 pm
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A large investor has taken a bearish stance on Broadcom, with the overall sentiment among big-money traders being more bearish than bullish. The stock price is currently down.
The bearish stance taken by a large investor, coupled with the overall bearish sentiment among big-money traders, indicates a potential downward pressure on Broadcom's stock price in the short term.
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