The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Marvell Technology Inc shares valued at $484,620 were sold by Koopmans Chris on Oct 21 ’24. At $80.77 per share, Koopmans Chris sold 6,000 shares. The insider’s holdings dropped to 109,244 shares worth approximately $8.95 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, KOOPMANS FAMILY TRUST U/A DTD purchased 6,000 shares, netting a total of over 484,620 in proceeds.
Before that, Hussain Muhammad Raghib had sold 150,000 shares from its account. In a trade valued at $12,075,000, the President, Products & Tech traded Marvell Technology Inc shares for $80.50 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 shares, worth approximately $56.9 million.
As published in their initiating research note from Jefferies on May 13, 2024, Marvell Technology Inc [MRVL] has been a Buy and the price target has been revised to $85. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of March 08, 2024, Summit Insights has increased its “Hold” rating to a “Buy” for MRVL. Earlier on March 08, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for MRVL stock.
Analyzing MRVL Stock Performance
During the last five days, there has been a surge of approximately 2.53%. Over the course of the year, Marvell Technology Inc shares have jumped approximately 35.85%. Shares of the company reached a 52-week high of $85.76 on 03/07/24 and a 52-week low of $53.19 on 08/05/24. A 50-day SMA is recorded $73.28, while a 200-day SMA reached $70.17. Nevertheless, trading volume fell to 6.22 million shares from 8.79 million shares the previous day.
Support And Resistance Levels for Marvell Technology Inc (MRVL)
According to the 24-hour chart, there is a support level at 81.14, which, if violated, would cause prices to drop to 80.36. In the upper region, resistance lies at 82.80. The next price resistance is at 83.67. RSI (Relative Strength Index) is 65.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.25, which suggests the price will increase in the coming days. Percent R is at 17.78%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
