Looking At Marvell Tech's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Marvell Tech (NASDAQ:MRVL) has seen unusual options activity, with 72% of traders showing bearish tendencies. The major market movers are focusing on a price band between $40.0 and $57.5 for Marvell Tech. The company's trading volume stands at 5,738,249, with MRVL's price up by 5.21%, positioned at $54.27. An earnings announcement is expected in 21 days.
November 09, 2023 | 5:17 pm
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NEUTRAL IMPACT
Marvell Tech has seen unusual options activity, with a majority of traders showing bearish tendencies. The stock price is up by 5.21%, and an earnings announcement is expected in 21 days.
The bearish tendencies in the options activity could indicate a potential downturn for the stock. However, the stock price is currently up, and an upcoming earnings announcement could influence the stock's direction. Therefore, the short-term impact is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100