Looking At Marathon Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Marathon Petroleum (NYSE:MPC), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $110.0 to $160.0 for Marathon Petroleum over the last 3 months. The current price of MPC is up 1.68% at $142.35. Analysts from Wells Fargo, RBC Capital, Raymond James, Morgan Stanley, and Barclays have maintained their ratings on Marathon Petroleum, with price targets ranging from $120 to $165.
August 08, 2023 | 6:30 pm
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Marathon Petroleum has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of MPC is up 1.68% at $142.35. Analysts have maintained their ratings on the company, with price targets ranging from $120 to $165.
The unusual options activity indicates that investors are taking positions based on their expectations of Marathon Petroleum's future performance. The bearish stance of the majority of investors suggests they expect the stock price to decrease. However, the current price is up and analysts have maintained their ratings, indicating a mixed outlook. This could lead to volatility in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100