What the Options Market Tells Us About Marvell Tech
Portfolio Pulse from Benzinga Insights
The options market shows a bullish sentiment towards Marvell Tech (NASDAQ:MRVL), with 62% of trades being bullish. The stock is currently trading at $72.06, up by 4.95%, and has a consensus target price of $100.0. Analysts maintain a Buy rating, and the stock may be approaching overbought levels.
August 23, 2024 | 2:45 pm
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Marvell Tech (MRVL) is experiencing bullish sentiment in the options market, with 62% of trades being bullish. The stock is up 4.95% to $72.06, with a target price of $100. Analysts maintain a Buy rating, but RSI suggests it may be overbought.
The options market shows a strong bullish sentiment with 62% of trades being bullish, indicating positive investor expectations. The stock's recent price increase and analyst target price of $100 suggest potential for further gains. However, RSI readings indicate the stock may be overbought, which could limit short-term upside.
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