Looking At Marvell Tech's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Marvell Tech (NASDAQ: MRVL), with 58% of recent unusual options activity being bearish. Whales have been targeting a price range of $40.0 to $42.5 for Marvell Tech over the last 3 months. Oppenheimer downgraded its action to Outperform with a price target of $70.

May 24, 2023 | 2:20 pm
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NEGATIVE IMPACT
A whale has taken a bearish stance on Marvell Tech, with 58% of recent unusual options activity being bearish. Oppenheimer downgraded its action to Outperform with a price target of $70.
The bearish stance taken by a whale on Marvell Tech, with 58% of recent unusual options activity being bearish, indicates a potential short-term negative impact on the stock price. Additionally, Oppenheimer's downgrade to Outperform with a price target of $70 may also contribute to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100