Unpacking the Latest Options Trading Trends in Broadcom
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Broadcom (NASDAQ:AVGO), with significant options trading activity indicating potential price movements. The general sentiment is divided, with 59% bearish and 29% bullish. Analysts have mixed ratings, with target prices ranging from $1560 to $1950.
June 20, 2024 | 1:47 pm
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Broadcom (NASDAQ:AVGO) has seen significant bearish options trading activity, with 59% of investors showing a bearish sentiment. Analysts have mixed ratings, with target prices ranging from $1560 to $1950.
The significant bearish options trading activity suggests that investors are expecting a decline in Broadcom's stock price. The mixed analyst ratings add to the uncertainty, with target prices ranging from $1560 to $1950.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100