Marathon Digital Holdings's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Marathon Digital Holdings (NASDAQ:MARA), with options data revealing a split sentiment: 40% bullish and 60% bearish. The options trades indicate a price target range of $15.5 to $35.0 for MARA. The most significant options trades include both bearish and bullish calls with expiration dates ranging from February 2024 to April 2024. Marathon Digital Holdings, a company focused on mining digital assets, has seen its trading volume at 10,540,399 with a slight price decrease of -0.88%, currently at $18.04. An analyst from BTIG has upgraded the stock to Buy with a price target of $27.
February 05, 2024 | 3:15 pm
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Marathon Digital Holdings shows a mixed sentiment among high-rolling investors, with a bearish lean. The company's focus on digital asset mining and a recent analyst upgrade to Buy with a $27 target suggest potential volatility.
The mixed sentiment among investors, with a majority leaning bearish, could introduce short-term volatility in MARA's stock price. However, the analyst upgrade to Buy with a $27 price target provides a positive outlook, potentially balancing the bearish sentiment. The focus on digital asset mining, a volatile sector, adds to the potential for price fluctuations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100