This Is What Whales Are Betting On Marathon Petroleum
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Marathon Petroleum (NYSE:MPC), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. Whales have been targeting a price range from $100.0 to $170.0 for Marathon Petroleum over the last 3 months. The price of MPC is up 2.64% at $154.88, with RSI indicators hinting that the stock may be approaching overbought.
September 08, 2023 | 7:01 pm
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A large bearish position has been taken on Marathon Petroleum, indicating potential downward pressure on the stock in the short term.
The large bearish position taken on Marathon Petroleum indicates that big-money traders expect the stock price to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100