Marvell Technology Group Ltd. (MRVL): $1.63 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.3. The value of trades done on upticks was $7.03 million, whereas, trades done on downticks were valued at $5.4 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.03 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $2.03 million. Marvell Technology Group Ltd. (MRVL) fell $0.04 traded at $12.83, a change of -0.31% over the previous day. The stock is 4.56% for the week.
The company Insiders own 13.7% of Marvell Technology Group Ltd. shares according to the proxy statements. Institutional Investors own 71.62% of Marvell Technology Group Ltd. shares.
In a related news, Wu Zining, officer (Chief Technology Officer) of Marvell Technology Group Ltd, unloaded 51,312 shares at an average price of $14.51 on June 23, 2015. The total amount of the transaction was worth $744,537, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Marvell Technology Group Ltd. (NASDAQ:MRVL): The stock opened at $12.96 and touched an intraday high of $13.06 on Friday. During the day, the stock corrected to an intraday low of $12.7, however, the bulls stepped in and pushed the price higher to close in the green at $13.01 with a gain of 1.09% for the day. The total traded volume for the day was 7,731,502. The stock had closed at $12.87 in the previous trading session.
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 14.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.5%, 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 6.03% in the last 1 week, and is up 14.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.