Marvell Technology (MRVL) Attempts Red-to Green Reversal Following Additional Purchase of 17,500 Mar 16 Calls
An additional 17,500 Mar 16 Calls were purchased on the offer at $0.30, shortly after 2:30pm EST. Earlier in the session, Susquehanna option strategist Alison Edwards noted a 5000 purchase of the same contracts into this weeks analyst day.
The shares had their price target raised by Citi Atif Malik to $14Marvell Technology (NASDAQ: MRVL)
.50 today.