Unpacking the Latest Options Trading Trends in Marvell Tech
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish trend in options trading for Marvell Tech (NASDAQ:MRVL), with a significant move detected by Benzinga's options scanner. The activity includes 24 extraordinary options activities, with a bullish sentiment from 58% of investors. The focus is on a price band between $55.0 and $90.0. The volume of MRVL is up 1.43% at $69.6, with RSI indicators suggesting it may be approaching overbought. An analyst from UBS maintains a Buy rating with a target price of $83.
February 27, 2024 | 5:45 pm
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Deep-pocketed investors show a bullish trend in Marvell Tech's options trading, with a focus on a price band between $55.0 and $90.0. The stock is up 1.43% at $69.6, and an analyst from UBS maintains a Buy rating with a target price of $83.
The bullish trend in options trading, combined with the stock's current positive performance and the Buy rating from a UBS analyst, suggests a potential short-term upward movement in MRVL's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100