Check Out What Whales Are Doing With AVGO
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, with 42% bullish and 57% bearish. The whales have been targeting a price range from $370.0 to $1000.0 for Broadcom over the last 3 months. Several experts have given their ratings on Broadcom, with price targets ranging from $900 to $1000.
September 05, 2023 | 5:30 pm
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Broadcom (NASDAQ:AVGO) has seen significant options activity indicating a bearish stance by a large investor. The sentiment among these traders is more bearish than bullish. Analysts have given price targets ranging from $900 to $1000.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. The sentiment among these big-money traders is more bearish than bullish, which could further impact the stock negatively. However, the price targets given by analysts are relatively high, indicating a potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100