Marvell Tech Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $32.5 to $65.0 for Marvell Tech over the last 3 months. Stifel has downgraded its action to Buy with a price target of $65, while Morgan Stanley maintains their Equal-Weight rating with a price target of $68.
July 06, 2023 | 3:03 pm
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Unusual options activity indicates a significant bearish stance on Marvell Tech. The sentiment among big-money traders is more bearish than bullish. Analysts have mixed views with Stifel downgrading to Buy and Morgan Stanley maintaining an Equal-Weight rating.
The unusual options activity, with a significant bearish stance, indicates that large investors expect the price of Marvell Tech to decrease. This could put downward pressure on the stock. However, analysts' views are mixed, which may create some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100