Broadcom's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has seen a mix of bullish and bearish sentiment among big money investors, with a tilt towards bearishness in recent options trading. Despite this, analysts have varied opinions on the stock, with price targets ranging from $1405 to $1700. The stock is currently down slightly, with potential indicators of being overbought. Options trading suggests a wide price range prediction for Broadcom, indicating significant volatility and interest in the stock.
April 08, 2024 | 5:46 pm
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Broadcom has seen a bearish tilt in options trading but maintains a diverse range of analyst price targets. The stock's slight downturn and potential overbought status may influence short-term performance.
The bearish sentiment in options trading, combined with the stock's current slight downturn and the wide range of analyst price targets, suggests a cautious but not definitively negative short-term outlook. The potential overbought status could lead to volatility, making it a stock to watch closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100