Check Out What Whales Are Doing With MRVL
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $50.0 to $95.0 for Marvell Tech over the last 3 months. The price of MRVL is currently up 0.87% at $57.87. Stifel and Barclays maintain a Buy and Overweight rating on Marvell Tech respectively, both with a price target of $75. Wolfe Research downgraded its action to Outperform with a price target of $80.
August 17, 2023 | 6:46 pm
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Unusual options activity indicates a significant bearish stance on Marvell Tech. The sentiment among big-money traders is split, with a slight lean towards bearish. Analysts have given price targets of $75 and $80.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. However, the sentiment among these traders is split, which adds some uncertainty. The price targets given by analysts are higher than the current price, which could indicate potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100