This Is What Whales Are Betting On Marvell Tech
Portfolio Pulse from Benzinga Insights
A large bearish position on Marvell Tech (NASDAQ:MRVL) has been spotted, with 57% of big-money traders being bearish. Whales have been targeting a price range of $50 to $70 for Marvell Tech over the last 3 months. The stock is currently down 2.69% at $59.2.
June 21, 2023 | 3:47 pm
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A large bearish position has been spotted on Marvell Tech, with 57% of big-money traders being bearish. The stock is currently down 2.69% at $59.2.
The large bearish position on Marvell Tech indicates that big-money traders expect the stock price to decline in the short term. This bearish sentiment, combined with the stock's current 2.69% decline, suggests that the stock price may continue to fall in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100