Broadcom Unusual Options Activity For March 13
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has seen unusual options activity, with a bearish sentiment from big-money traders despite a split overall sentiment (30% bullish, 69% bearish). Notable trades include puts and calls with a focus on a price band between $760.0 and $1500.0. The company, a major player in the semiconductor and software industries, has a current stock price of $1280.62, down by -0.87%. Analysts have mixed views, with target prices ranging from $1450 to $1650, reflecting a cautious but generally positive outlook.
March 13, 2024 | 1:46 pm
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Broadcom has seen significant options activity indicating a bearish sentiment among large investors, despite a mixed overall sentiment and a slight decrease in stock price. Analysts have a cautiously optimistic outlook with target prices up to $1650.
The unusual options activity, particularly the bearish sentiment among large investors, could introduce volatility to AVGO's stock price. However, the analyst ratings, which range from cautious to optimistic, suggest a belief in the company's long-term value. The mixed sentiments and the current neutral RSI value indicate uncertainty, making it difficult to predict the short-term price direction conclusively.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100