Looking At Marathon Digital Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Marathon Digital Holdings (NASDAQ:MARA) has seen unusual options activity indicating a bearish stance by significant investors, with a sentiment split of 30% bullish and 70% bearish. The activity suggests a price target range of $22.0 to $35.0 over the next three months. The company, focusing on digital asset mining, has experienced a 10.34% decrease in stock price to $24.46. An analyst from BTIG upgraded MARA to Buy with a target price of $27. The next earnings report is due in 30 days.
February 13, 2024 | 2:46 pm
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Marathon Digital Holdings has seen significant bearish options activity, with a price target range of $22 to $35. The stock price has recently fallen by 10.34% to $24.46, but an analyst upgrade to Buy with a $27 target suggests potential upside.
The bearish options activity suggests short-term downward pressure on MARA's stock price, but the analyst upgrade and the set price target range indicate potential for recovery or upside in the near term. The mixed signals make the short-term impact neutral, but with a high relevance due to the direct involvement of MARA's stock and significant importance given the potential price movement within the specified range.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100