Marvell Tech Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as observed in the unusual options activity. 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 $45.0 to $80.0 for Marvell Tech over the last 3 months. The price of MRVL is currently up 0.02% at $54.63.
October 13, 2023 | 4:30 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on Marvell Tech, indicating potential downward pressure on the stock.
The unusual options activity indicates that a large investor is expecting the price of Marvell Tech to decrease. This could put downward pressure on the stock as other investors may follow suit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100