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 observed in the options history. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. Whales have been targeting a price range from $450.0 to $1240.0 for Broadcom over the last 3 months. The price of AVGO is up 0.29% at $860.91. Several experts have downgraded their action on Broadcom with price targets ranging from $995 to $1010.
October 11, 2023 | 4:16 pm
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A large investor has taken a bearish stance on Broadcom, with a sentiment split of 31% bullish and 68% bearish among big-money traders. The price of AVGO is up 0.29% at $860.91. Several experts have downgraded their action on Broadcom with price targets ranging from $995 to $1010.
The bearish stance taken by a large investor, along with the majority bearish sentiment among big-money traders, indicates a potential downward pressure on Broadcom's stock price. Additionally, the downgrades by several experts further support this bearish outlook.
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