Marathon Petroleum's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Marathon Petroleum (NYSE:MPC), with unusual options activity observed. The sentiment among these investors is split between 45% bullish and 54% bearish. The significant investors are aiming for a price territory stretching from $90.0 to $145.0 for Marathon Petroleum over the next three months. Two professional analysts have given an average price target of $167.5 for MPC in the last 30 days.
November 09, 2023 | 8:32 pm
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Unusual options activity observed for Marathon Petroleum (NYSE:MPC) with a bearish sentiment among investors. Analysts have set an average price target of $167.5 for the stock.
The unusual options activity and the bearish sentiment among investors indicate that there might be a potential downside for Marathon Petroleum's stock in the short term. However, the analysts' average price target of $167.5 suggests a potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100