Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a whale investor, with 70% of the detected trades being bearish. The trades targeted a price range from $720.0 to $1360.0 for Broadcom over the last 3 months. The current price of AVGO is down -0.44% at $820.2. Keybanc, Susquehanna, and Truist Securities have all downgraded their actions on Broadcom, with price targets of $1000, $1010, and $995 respectively.
October 06, 2023 | 2:46 pm
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Broadcom has seen significant bearish trading activity, with a price target range of $720-$1360. The current price is down -0.44% at $820.2. Analysts have downgraded their actions on the stock.
The bearish stance taken by a whale investor, along with the downgrades by analysts, could potentially lead to a decrease in Broadcom's stock price in the short term.
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