Looking At Marathon Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Marathon Petroleum (NYSE:MPC), with a large position indicating a bullish stance. The activity includes 10 uncommon options trades, with 70% bullish and 30% bearish sentiment. The targeted price range for MPC over the last 3 months is $125.0 to $185.0. The current price of MPC is up 1.02% at $152.8. Analysts from Raymond James, Morgan Stanley, Piper Sandler, and Mizuho have maintained their ratings on MPC, with price targets ranging from $148 to $175.
November 01, 2023 | 4:32 pm
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Marathon Petroleum has seen unusual options activity, indicating a bullish stance. Analysts have maintained their ratings, with price targets ranging from $148 to $175.
The unusual options activity, particularly the bullish stance, indicates a positive sentiment towards MPC. This, combined with the maintained ratings and price targets from analysts, suggests a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100