Smart Money Is Betting Big In MRVL Options
Portfolio Pulse from Benzinga Insights
Significant investors have shown a mixed sentiment in Marvell Tech (NASDAQ:MRVL) options, with 50% bullish and 50% bearish positions. The options activity suggests a price target range of $65.0 to $90.0 for MRVL over the next three months. The trading volume and open interest in MRVL options have been highlighted, alongside a detailed analysis of the largest trades. Marvell Technology, a leading fabless chip designer, has seen its stock price slightly increase by 0.37% to $67.27. Market experts have issued a consensus target price of $77.0 for MRVL, with varying ratings from Overweight to Buy.
February 06, 2024 | 5:01 pm
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Marvell Tech has seen mixed options activity with a price target range of $65-$90. Current stock price is $67.27, with a consensus target of $77.0 from market experts.
The mixed sentiment in options trading indicates uncertainty, but the overall bullish stance from market experts and the specific price target range suggest a potential upside. The current stock price is within the lower end of the target range, indicating room for growth. Analyst ratings support a positive outlook, which could influence investor sentiment and drive short-term price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100