Check Out What Whales Are Doing With AVGO
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish sentiment towards Broadcom (NASDAQ:AVGO), with options activity indicating a focus on a price range between $560 and $1200 over the last three months. The volume and open interest for AVGO options are notably high, with a mix of bullish and bearish trades. The stock is currently trading at $911.93, down by -1.3%, with an RSI indicating a neutral position. Analysts have given mixed reviews, with price targets ranging from $1000 to $1200. Earnings are expected to be announced in 2 days.
December 05, 2023 | 5:16 pm
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NEGATIVE IMPACT
Bearish whale activity and high options volume suggest potential volatility for AVGO. Analysts have mixed reviews with targets up to $1200. The stock is down 1.3% with neutral RSI. Earnings are imminent.
The bearish sentiment from whales, combined with the high volume of options activity, suggests that there may be a negative impact on AVGO's stock price in the short term. The upcoming earnings announcement adds to the potential for volatility. However, the mixed analyst ratings and the current neutral RSI provide some counterbalance, which is why the confidence level is not at the maximum.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100