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 or institution, 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 $510.0 to $900.0 for Broadcom over the last 3 months. The price of AVGO is currently down -1.1% at $849.73. Several financial institutions have maintained their ratings on Broadcom, with price targets ranging from $900 to $1000.
September 12, 2023 | 3:47 pm
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NEGATIVE IMPACT
Broadcom (NASDAQ:AVGO) has seen significant bearish options activity, indicating a potential downward trend. However, several financial institutions have maintained positive ratings and high price targets.
The bearish options activity indicates that large investors are expecting Broadcom's stock price to decrease. However, the maintained positive ratings and high price targets from financial institutions suggest confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100