Marathon Petroleum 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 split between 40% bullish and 60% bearish. The whales have been targeting a price range from $115.0 to $150.0 for Marathon Petroleum over the last 3 months. The current price of MPC is $149.12, down by 0.42%. Analysts from Wells Fargo, RBC Capital, Barclays, Raymond James, and Morgan Stanley have maintained their ratings on MPC, with price targets ranging from $140 to $165.
August 14, 2023 | 1:46 pm
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Unusual options activity indicates a significant bearish stance on Marathon Petroleum. The sentiment among big-money traders is 40% bullish and 60% bearish. The current price of MPC is $149.12, down by 0.42%.
The unusual options activity, with a significant bearish stance, indicates that there might be a negative sentiment towards Marathon Petroleum. This could potentially lead to a decrease in the stock price in the short term. The current price of MPC is already down by 0.42%, which aligns with this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100