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 75% bearish and 25% bullish. The whales have been targeting a price range from $260.0 to $1220.0 for Broadcom over the last 3 months. The current price of AVGO is down -0.93% at $849.57. Several experts have maintained their Buy or Outperform ratings on Broadcom, with price targets ranging from $950 to $1000.
September 11, 2023 | 4:15 pm
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Broadcom (NASDAQ:AVGO) has seen significant bearish options activity, indicating a potential downward trend. Despite this, several analysts have maintained their Buy or Outperform ratings, with price targets ranging from $950 to $1000.
The bearish options activity indicates that large investors are expecting a downward trend in Broadcom's stock. However, several analysts maintaining their Buy or Outperform ratings could potentially counteract this bearish sentiment to some extent. The price targets set by these analysts are higher than the current price, indicating their positive outlook on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100