Marvell Technology Group Ltd. (MRVL) Shares are Down -2.89%

Marvell Technology Group Ltd. (MRVL) has risen sharply, recording gains of 14.1% in the past 4 weeks. However, the stock has corrected -2.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.33% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Marvell Technology Group Ltd. (NASDAQ:MRVL): The stock was completely flat for the day, closing at $11.41 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $11.46, the stock touched an intraday high of $11.51 and a low of $11.40. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $11.41. The total trading volume on Friday was 2,375,534.

The stock has recorded a 20-day Moving Average of 4.33% and the 50-Day Moving Average is 10.62%. Marvell Technology Group Ltd. is up 19.93% in the last 3-month period. Year-to-Date the stock performance stands at 30.89%.

Marvell Technology Group Ltd. (MRVL) : The most positive equity analysts on Marvell Technology Group Ltd. (MRVL) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $12.63 with an expected fluctuation of $2.64 from the mean.


Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets, connectivity, Internet-of-Things (IoT) devices and other consumer electronics. Its products serve diverse applications used in carrier, metropolitan, enterprise and PC-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice video and data applications. As a fabless integrated circuit company, the Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Companys offers its products to three markets: mobile and wireless, storage, and networking.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.