Marvell Tech Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Marvell Tech's options activity, with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $55.0 to $80.0 for Marvell Tech over the last 3 months. The company's stock price is currently down by 0.3% at $63.71. Analysts from Stifel, Barclays, and Keybanc have maintained their positive ratings on Marvell Tech, with price targets of $75 and $80, while Wolfe Research downgraded its action to Outperform with a price target of $80.

July 26, 2023 | 8:16 pm
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Marvell Tech has seen a significant bearish stance in its options activity. Despite the stock price being down, analysts maintain positive ratings with price targets of $75 and $80.
The bearish stance in Marvell Tech's options activity indicates a potential downward pressure on the stock price. However, the positive ratings and price targets from analysts suggest a potential recovery in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100