Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has seen unusual options activity, with a significant number of bearish trades. Whales have been targeting a price range from $580.0 to $1100.0 for Broadcom over the last 3 months. The current price of AVGO is down -1.73% at $839.68. Susquehanna maintains a Positive rating on Broadcom with a price target of $1010.
August 25, 2023 | 3:31 pm
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NEGATIVE IMPACT
Broadcom has seen unusual options activity, with a significant number of bearish trades. The current price is down -1.73% at $839.68. Susquehanna maintains a Positive rating with a price target of $1010.
The unusual options activity, particularly the bearish trades, indicate that investors are expecting the price of Broadcom to decrease. This is further supported by the current price decrease of -1.73%. However, Susquehanna's Positive rating and price target of $1010 suggest a potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100