Marvell Technology Group Ltd. (MRVL) : On Wednesday, The money flowed into the Marvell Technology Group Ltd. (MRVL) stock with an uptick to downtick ratio was recorded at 1.57. Transactions worth $15.34 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $9.78 million. The total money flow into the stock was $5.56 million. The block trades reveal a bullish bias with an up-down ratio of 2.45. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $8.97 million of block transactions on upticks. The value of block trades on downticks was $3.67 million, indicating lower selling interest. The total money flow in block trades was $5.31 million. In terms of price action, Marvell Technology Group Ltd. (MRVL) traded down $0.03 during the session at $13.07. Compared to the previous days closing, the stock was down only by -0.19%. For the week, the stock is 0.42%, over previous weeks closing.
Shares of Marvell Technology Group Ltd. rose by 2.41% in the last five trading days and 7.57% for the last 4 weeks. Marvell Technology Group Ltd. is up 40.16% in the last 3-month period. Year-to-Date the stock performance stands at 51.78%.
Marvell Technology Group Ltd. (MRVL) : The consensus on Marvell Technology Group Ltd. (MRVL) based on 15 analyst recommendation on the company stock is 2.4, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Marvell Technology Group Ltd. (MRVL).
Marvell Technology Group Ltd. (NASDAQ:MRVL): The stock opened at $13.15 and touched an intraday high of $13.45 on Wednesday. During the day, the stock corrected to an intraday low of $13.04, however, the bulls stepped in and pushed the price higher to close in the green at $13.17 with a gain of 0.61% for the day. The total traded volume for the day was 7,100,680. The stock had closed at $13.09 in the previous trading session.
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.