This Is What Whales Are Betting On Marvell Tech
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Marvell Tech (NASDAQ:MRVL), with Benzinga's options scanner spotting 11 uncommon options trades. The overall sentiment is split between 63% bullish and 36% bearish. Whales have been targeting a price range of $20 to $60 for Marvell Tech over the last 3 months. Stifel maintains a Buy rating on the company with a price target of $56.
May 18, 2023 | 3:31 pm
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POSITIVE IMPACT
A large investor's bullish stance on Marvell Tech (NASDAQ:MRVL) could indicate positive short-term price movement. Whales have targeted a price range of $20 to $60, and Stifel maintains a Buy rating with a $56 price target.
The bullish stance taken by a large investor, along with the 63% bullish sentiment, suggests that there may be positive news or developments for Marvell Tech in the short term. This, combined with Stifel's Buy rating and $56 price target, indicates a potential for the stock price to increase in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100