Market Whales and Their Recent Bets on AVGO Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Broadcom (NASDAQ:AVGO), with a notable shift in options trading activity. Benzinga's tracking revealed 107 extraordinary options activities, with a bearish majority. The options span a price range from $1000 to $1800. Despite this, AVGO's stock is up 4.36%, with a current price of $1281.02. Analysts have mixed views, with an average target price of $1337.5, but some downgrades to Overweight have been noted.
February 22, 2024 | 5:46 pm
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NEUTRAL IMPACT
Broadcom has seen a bearish sentiment in options trading, yet its stock price has increased by 4.36%. Analysts have mixed opinions, with some downgrades but an average target price of $1337.5.
The bearish sentiment in options trading suggests caution among investors, but the stock's recent performance and mixed analyst ratings indicate a complex outlook. The significant options activity, combined with the stock's current performance and analyst opinions, creates a nuanced short-term impact scenario.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100