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 a large position in options. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $55.0 to $80.0 for Marvell Tech over the last 3 months. The price of MRVL is currently down -1.78% at $53.8. Several analysts have maintained or downgraded their ratings on Marvell Tech with price targets ranging from $65 to $100.
September 19, 2023 | 5:01 pm
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A large investor has taken a bearish stance on Marvell Tech, with a significant options position. The stock price is currently down, and analysts have a range of price targets.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests a belief that the stock price will decrease. This, combined with the current decrease in stock price, could negatively impact the short-term price. However, the range of analysts' price targets suggests some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100