Broadcom Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has seen unusual options activity, with a mix of bullish and bearish stances. Of the 14 strange trades detected, 50% were bullish and 50% bearish. The total amount for puts was $160,340 and for calls, $689,103. Whales have been targeting a price range from $730.0 to $1220.0 for Broadcom over the last 3 months. The current price of AVGO is $830.1. Analysts from Truist Securities and Baird have maintained their Buy and Outperform ratings respectively, with price targets of $995 and $1000.
October 02, 2023 | 3:01 pm
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Broadcom has seen unusual options activity, with equal bullish and bearish stances. Whales have been targeting a price range from $730.0 to $1220.0. The current price is $830.1. Analysts maintain positive ratings with price targets of $995 and $1000.
The news indicates a mixed sentiment among investors, with equal bullish and bearish stances. This could lead to volatility in the stock price. However, analysts maintain positive ratings, which could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100