A Closer Look at Broadcom's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Broadcom (NASDAQ:AVGO) through options trading, with 22 unusual trades identified. Despite a recent price drop of -3.69%, analysts maintain high target prices and positive ratings for the stock. The trading volume and open interest data suggest significant market activity within a price range of $80.0 to $180.0.
August 05, 2024 | 2:16 pm
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Broadcom has seen significant options trading activity, with a mix of bullish and bearish trades. Despite a recent price drop of -3.69%, analysts maintain high target prices and positive ratings for the stock.
The options trading activity indicates strong interest in Broadcom, with a notable portion being bullish. Analysts' high target prices and positive ratings further support a potential upward movement in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100