Marvell Tech Unusual Options Activity For July 18
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity for Marvell Tech (NASDAQ:MRVL), with a significant number of both bullish and bearish trades. The options activity suggests a price range of $55.0 to $82.5 for MRVL. The stock is currently up 2.66% at $69.74, with an average analyst target price of $95.0.
July 18, 2024 | 4:32 pm
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Unusual options activity for Marvell Tech (NASDAQ:MRVL) indicates significant interest from deep-pocketed investors. The stock is currently up 2.66% at $69.74, with a predicted price range of $55.0 to $82.5. Analysts have an average target price of $95.0.
The unusual options activity, with significant trades in both puts and calls, suggests that investors are expecting notable price movements. The current stock price increase and the high analyst target price further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100