Check Out What Whales Are Doing With MRVL
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Marvell Tech (NASDAQ:MRVL), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $55.0 to $75.0 for Marvell Tech over the last 3 months. The price of MRVL is currently down -3.26% at $59.94. Wolfe Research downgraded its action to Outperform with a price target of $80, while Barclays, Keybanc, and Stifel maintained their positive ratings with a price target of $75-$80.
August 09, 2023 | 8:16 pm
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Marvell Tech has seen a mix of bullish and bearish trades, with a whale investor targeting a price range of $55-$75. The stock is currently down -3.26% at $59.94, but has positive ratings from several research firms.
The news indicates a mix of bullish and bearish trades for Marvell Tech, with a whale investor showing a bullish stance. This could lead to increased volatility in the short term. However, the stock has positive ratings from several research firms, which could provide some support.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100