Marvell Technology Group Ltd. (MRVL) Shares are Up 0.99%

Marvell Technology Group Ltd. (MRVL) : Traders are bullish on Marvell Technology Group Ltd. (MRVL) as it has outperformed the S&P 500 by a wide margin of 4.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.99% in the last 1 week, and is up 4.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.89% and the fifty day Moving Average is 13.32%. Marvell Technology Group Ltd. is up 22.56% in the last three month period. Year-to-Date the stock performance stands at 40.75%.

Marvell Technology Group Ltd. (MRVL) : The consensus price target for Marvell Technology Group Ltd. (MRVL) is $13.11 for the short term with a standard deviation of $2.68. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $9.


Marvell Technology Group Ltd. (NASDAQ:MRVL): stock turned positive on Friday. Though the stock opened at $12.14, the bulls momentum made the stock top out at $12.46 level for the day. The stock recorded a low of $12.14 and closed the trading day at $12.27, in the green by 0.74%. The total traded volume for the day was 4,581,545. The stock had closed at $12.18 in the previous days trading.

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.

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