Check Out What Whales Are Doing With AVGO
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Broadcom (NASDAQ:AVGO) through options trading. Analysis reveals 53% bearish and 33% bullish trades, with significant put and call options activity. Broadcom's current market position shows a slight decline, with analysts maintaining positive ratings and high price targets.
August 14, 2024 | 2:01 pm
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Broadcom (NASDAQ:AVGO) has seen significant bearish sentiment from financial giants through options trading, with 53% of trades being bearish. Despite this, analysts maintain positive ratings with high price targets.
The significant bearish sentiment from financial giants through options trading suggests a potential short-term decline in Broadcom's stock price. However, the positive analyst ratings and high price targets indicate long-term confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100