Check Out What Whales Are Doing With AVGO
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 78% of the detected trades being bearish and 21% bullish. The trades include 8 puts amounting to $452,383 and 6 calls amounting to $549,994. The whales have been targeting a price range from $250.0 to $1130.0 for Broadcom over the last 3 months. The price of AVGO is up 0.24% at $855.66, and RSI indicators suggest the stock may be approaching overbought.
October 23, 2023 | 1:45 pm
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Broadcom (NASDAQ:AVGO) has seen a significant bearish sentiment from large investors, with a target price range of $250-$1130. The stock price is currently up 0.24% at $855.66.
The bearish sentiment from large investors, along with the high target price range, suggests potential downward pressure on the stock price in the short term. The current price is near the upper end of the target range, and RSI indicators suggest the stock may be overbought, further supporting the potential for a price decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100