This Is What Whales Are Betting On Marvell Tech
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. Whales have been targeting a price range from $30.0 to $90.0 for Marvell Tech over the last 3 months. B. Riley Securities upgraded its action to Buy with a price target of $75.
August 21, 2023 | 5:15 pm
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Marvell Tech has seen significant bullish options activity, indicating a potential positive short-term impact on the stock. B. Riley Securities has upgraded the stock to Buy with a price target of $75.
The unusual options activity indicates that a large investor is taking a bullish stance on Marvell Tech, which could drive the stock price up in the short term. Additionally, the upgrade by B. Riley Securities to Buy with a price target of $75 provides further positive sentiment towards the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100