Looking At Marathon Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marathon Petroleum (NYSE:MPC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $110.0 to $130.0 for Marathon Petroleum over the last 3 months. Wells Fargo and Barclays have maintained their Equal-Weight and Overweight ratings on Marathon Petroleum, respectively, with price targets of $120 and $132.
July 11, 2023 | 7:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Marathon Petroleum has seen unusual options activity with a significant bearish sentiment. The company's stock price may be impacted in the short term.
The unusual options activity, particularly the bearish sentiment, indicates that large investors are expecting the stock price to decrease. This could lead to a self-fulfilling prophecy as other investors react to this activity. Additionally, the price targets set by Wells Fargo and Barclays could influence the market's perception of the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100