This Is What Whales Are Betting On Marvell Tech
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 trades. The sentiment among these big-money traders is split, with 35% bullish and 64% bearish. The whales have been targeting a price range from $55.0 to $68.0 for Marvell Tech over the last 3 months. The current price of MRVL is up 2.92% at $58.76. Barclays, Wolfe Research, and Stifel have maintained their positive ratings on Marvell Tech with price targets of $75 and $80.
August 14, 2023 | 4:16 pm
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A large investor has taken a bearish stance on Marvell Tech, with unusual options trades indicating a price target between $55.0 and $68.0. The stock is currently up 2.92% at $58.76. Positive ratings have been maintained by Barclays, Wolfe Research, and Stifel.
The bearish stance taken by a large investor, as indicated by unusual options trades, suggests that the investor expects the price of Marvell Tech to decrease. This could potentially influence other investors and drive the stock price down. However, positive ratings from Barclays, Wolfe Research, and Stifel could counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100