Check Out What Whales Are Doing With AVGO
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Broadcom (NASDAQ:AVGO), with 57% of detected trades being bearish and 42% bullish. The trades include 12 puts amounting to $1,148,845 and 7 calls amounting to $269,136. The targeted price range for Broadcom over the last 3 months is from $460.0 to $915.0. The current price of AVGO is up 1.35% at $819.28. Several experts have given their ratings and price targets, with the highest being $1010 by Susquehanna.
September 22, 2023 | 2:16 pm
News sentiment analysis
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Broadcom has seen a bearish sentiment with 57% of trades being bearish. The targeted price range is from $460.0 to $915.0. The current price is up 1.35% at $819.28. Several experts have given their ratings and price targets, with the highest being $1010 by Susquehanna.
The bearish sentiment detected in the trades, with a higher number of puts than calls, indicates a potential downward pressure on the stock price. However, the current price is up and several experts have given high price targets, indicating a potential upward movement. The overall impact is uncertain, hence the score of -1.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100