Marathon Petroleum's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Marathon Petroleum (NYSE:MPC) is experiencing unusual options activity, with a significant bearish sentiment among investors. The options activity suggests a potential price movement between $160 and $175. The stock is currently down 8.64% at $158.3, with mixed analyst ratings and an average target price of $176.4.
October 08, 2024 | 3:15 pm
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Marathon Petroleum is facing significant bearish options activity, with 62% of trades being puts. The stock is down 8.64% to $158.3, and analysts have mixed ratings with an average target price of $176.4.
The significant bearish options activity, with 62% of trades being puts, indicates a negative sentiment among investors. The stock's recent decline of 8.64% further supports this bearish outlook. Analysts' mixed ratings and the average target price of $176.4 suggest uncertainty, but the current price is below this target, indicating potential downside risk.
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