Looking At Marvell Tech's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Marvell Tech (NASDAQ:MRVL), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $25.0 and $75.0. Stifel has downgraded its action to Buy with a price target of $65, while Morgan Stanley maintains an Equal-Weight rating with a price target of $68.
July 10, 2023 | 6:16 pm
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Marvell Tech has seen unusual options activity, with a majority of investors taking a bearish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a majority of investors, could potentially lead to a decrease in Marvell Tech's stock price in the short term. Additionally, the downgrade by Stifel and the maintained rating by Morgan Stanley could also influence the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100