Check Out What Whales Are Doing With MRVL
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Marvell Tech (NASDAQ:MRVL), with 65% of unusual trades indicating bearishness. The analysis of options history revealed a focus on a price band between $65.0 and $110.0. Notable options activity includes both bullish and bearish sentiments with varying strike prices and expiration dates. Marvell Tech, a fabless chip designer, has seen its stock price increase by 3.67% to $81.62, with analysts setting an average price target of $89.5. The company is approaching its next earnings release in 1 day.
March 06, 2024 | 4:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Marvell Tech has seen a bearish sentiment from financial giants, with a significant focus on options trading. The stock price has recently increased, and analysts have set an average price target of $89.5.
The bearish sentiment in options trading suggests caution among investors, but the recent stock price increase and the upcoming earnings release could lead to volatility. Analysts' price targets indicate a positive outlook, balancing the short-term impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100