A Closer Look at Marvell Tech's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Investors have taken a bullish stance on Marvell Tech (NASDAQ:MRVL) as indicated by significant options trades. Benzinga's options scanner detected 8 uncommon trades, with 75% being bullish. The targeted price range is $57.5 to $60.0. Marvell Tech is currently trading at $57.71 with a neutral RSI. An analyst from Keybanc maintains an Overweight rating with a $95 price target.
August 06, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Significant options trades indicate a bullish sentiment for Marvell Tech, with a targeted price range of $57.5 to $60.0. Current trading price is $57.71. Keybanc maintains an Overweight rating with a $95 price target.
The detection of significant bullish options trades suggests that investors expect the stock price to rise. The current trading price and the maintained Overweight rating with a high price target further support this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100