Looking At Marvell Tech's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Marvell Tech (NASDAQ:MRVL) has seen significant unusual options activity, with a bullish sentiment from financial giants. Analysis of options history revealed 11 unusual trades, with a majority being bullish. The options trading suggests a price target range of $42.5 to $100.0. Recent analyst ratings have been positive, with an average target price of $91.6. The company's current market position shows a slight price decrease to $65.01, with a neutral RSI and an earnings announcement expected in 64 days.
March 20, 2024 | 2:47 pm
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Marvell Tech has experienced unusual options activity indicating a bullish sentiment, with a price target range of $42.5 to $100.0. Analysts have provided positive ratings, with an average target price of $91.6. The stock is currently trading at $65.01 with a neutral RSI.
The bullish options activity, combined with positive analyst ratings and a specific price target range, suggests a potential upside for MRVL in the short term. The current neutral RSI indicates that the stock is not overbought or oversold, providing a stable ground for potential growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100