Check Out What Whales Are Doing With MRVL
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Marvell Tech (NASDAQ:MRVL), with 70% of recent trades being bearish. The total amount for puts is $275,695 and for calls is $148,620. Whales have been targeting a price range from $40.0 to $80.0 for Marvell Tech over the last 3 months. The current price of MRVL is $52.34, up 0.08%.
September 25, 2023 | 6:01 pm
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A significant investor has taken a bearish stance on Marvell Tech, indicating potential downward pressure on the stock.
The bearish stance taken by a significant investor, as evidenced by the high percentage of bearish trades and the total amount for puts, suggests potential downward pressure on Marvell Tech's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100