Marathon Digital Holdings Unusual Options Activity For March 22
Portfolio Pulse from Benzinga Insights
Marathon Digital Holdings (NASDAQ:MARA) has seen unusual options activity, with a bullish sentiment from deep-pocketed investors. Benzinga's options scanner detected 35 extraordinary activities, with a mix of 54% bullish and 45% bearish sentiments. Significant trades include both puts and calls with strike prices ranging from $15.0 to $50.0. The company, focusing on mining digital assets, is currently trading at $21.17, down by -2.81%. Analyst ratings suggest a consensus target price of $32.5, with mixed opinions from HC Wainwright & Co. and Chardan Capital.
March 22, 2024 | 6:16 pm
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Marathon Digital Holdings has experienced unusual options activity indicating a bullish sentiment among investors, despite its current price drop. Analyst ratings show a positive outlook with a target price of $32.5.
The unusual options activity, particularly the bullish sentiment among investors, suggests a potential positive short-term impact on MARA's stock price. The analyst consensus target price of $32.5 further supports this outlook, despite the current price drop. The mix of bullish and bearish sentiments among the options trades, along with the professional analyst ratings, indicates a complex but overall positive market sentiment towards Marathon Digital Holdings.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100