Unpacking the Latest Options Trading Trends in Marvell Tech
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Marvell Tech (NASDAQ:MRVL), with options trading data revealing a significant move. Benzinga's options scanner detected 13 extraordinary activities, indicating a divided sentiment among investors: 38% bullish and 53% bearish. The trading activity suggests a target price range of $60.0 to $70.0 for MRVL in the next three months. Notable options activity includes both calls and puts with varying sentiments and strike prices. Marvell Technology, a leading fabless chip designer, has seen its stock price increase by 1.03% to $65.52. Analysts have mixed opinions, with an average target price of $89.4, ranging from $85 to $95.
April 25, 2024 | 2:31 pm
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Marvell Tech has seen significant options trading activity indicating a bearish sentiment among investors, with a price target range of $60 to $70. Analysts have mixed opinions but lean towards a bullish outlook with an average price target of $89.4.
The bearish sentiment from options trading contrasts with the bullish outlook from analysts, creating uncertainty. The significant options activity and the analysts' target prices suggest that while there's a short-term bearish sentiment, the long-term outlook remains positive. This mixed sentiment makes the short-term impact neutral as the market digests both views.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100