Decoding Marathon Digital Holdings's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on Marathon Digital Holdings (NASDAQ:MARA) with 66% of recent options trades being bearish. The price target for MARA is between $10.0 and $25.0, with significant trades indicating bearish sentiment. The stock is currently trading at $21.56, up 6.31%, but RSI indicators suggest it may be overbought. An earnings announcement is expected in 6 days, and an analyst from B. Riley Securities maintains a Neutral rating with a $20 target price.
July 26, 2024 | 1:46 pm
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Whales have taken a bearish stance on Marathon Digital Holdings with 66% of recent options trades being bearish. The stock is currently trading at $21.56, up 6.31%, but RSI indicators suggest it may be overbought. An earnings announcement is expected in 6 days, and an analyst from B. Riley Securities maintains a Neutral rating with a $20 target price.
The majority of recent options trades are bearish, indicating that large investors expect the stock price to decline. The current price is above the analyst target, and RSI suggests the stock may be overbought, increasing the likelihood of a short-term price drop.
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IMPORTANCE 80
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