This Is What Whales Are Betting On Marvell Tech
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Marvell Tech (NASDAQ: MRVL), with options history showing 10 strange trades. 50% of the investors opened trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $50 to $70 for Marvell Tech over the last 3 months. Stifel downgraded its action to Buy with a price target of $65, while Goldman Sachs and Morgan Stanley maintained their Buy and Equal-Weight ratings with price targets of $60 and $68, respectively.
June 26, 2023 | 3:02 pm
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A whale investor has taken a bullish stance on Marvell Tech, with options history showing 10 strange trades. Whales have been targeting a price range of $50 to $70 for Marvell Tech over the last 3 months. Stifel, Goldman Sachs, and Morgan Stanley have set price targets at $65, $60, and $68, respectively.
The whale investor's bullish stance on Marvell Tech, along with the price targets set by Stifel, Goldman Sachs, and Morgan Stanley, indicate a positive short-term impact on the stock. The options history and the targeted price range of $50 to $70 also support this bullish outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100