Moderately bullish activity in Marvell (MRVL), with shares down $4.79 near $85.83. Options volume roughly in line with average with 154k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 5.6 points near 62.36,and above the 52wk median, suggesting an expected daily move of $3.37. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRVL:
- Marvell price target raised to $115 from $95 at Oppenheimer
- Mixed options sentiment in Marvell with shares down 1.02%
- Unity, Lam, Oneok, Marvell, Credo: Trending by Analysts
- Marvell Stock (MRVL) Falls on TD Cowen’s Downgrade, Price Target Cut
- Mixed options sentiment in Marvell with shares down 2.02%