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 overall sentiment of these big-money traders is split between 42% bullish and 57% bearish. The price of MRVL is up 1.31% at $65.98. Barclays, Keybanc, and Stifel 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.
August 04, 2023 | 10:15 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Marvell Tech. Despite this, several analysts maintain positive ratings on the company.
The bearish options activity indicates that a large investor expects the price of MRVL to decrease. However, several analysts maintain positive ratings on the company, which could counteract some of the bearish sentiment. The final impact on the stock price will depend on the interplay of these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100