Marvell Tech Unusual Options Activity For May 30
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Marvell Tech (NASDAQ: MRVL) with 67% of detected unusual options trades being bearish. Whales have been targeting a price range of $40 to $75 for Marvell Tech over the last 3 months. The stock is currently down 2.9% at $63.61.

May 30, 2023 | 5:45 pm
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Marvell Tech sees bearish whale activity with 67% of unusual options trades being bearish. The stock is currently down 2.9% at $63.61.
The article highlights a significant bearish stance taken by a whale on Marvell Tech, with 67% of the detected unusual options trades being bearish. This indicates that the whale expects the stock price to decline in the short term. The stock is currently down 2.9% at $63.61, which supports the bearish sentiment. Additionally, the targeted price range of $40 to $75 by whales over the last 3 months suggests potential volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100