Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Marvell Technology Inc shares valued at $177,495 were purchased by WILLEM MEINTJES on Jan 15 ’25. At $118.33 per share, WILLEM MEINTJES acquired 1,500 shares.
Also, STRACHAN MICHAEL G sold 5,000 shares, netting a total of over 613,250 in proceeds. Following the sale of shares at $122.65 each, the insider now holds 30,959 shares.
Before that, Casper Mark had sold 2,500 shares from its account. In a trade valued at $282,500, the EVP, Chief Legal Officer traded Marvell Technology Inc shares for $113.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $2.87 million.
As published in a research note from Wells Fargo on December 04, 2024, Marvell Technology Inc [MRVL] has been retained to an Overweight and the price target has been revised to $130. Analysts at UBS resumed the stock at ‘”a Buy”‘ outlook in a report released in early December. As of December 04, 2024, The Benchmark Company has reiterated its “Buy” rating for MRVL. Earlier on December 04, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for MRVL stock.
Analyzing MRVL Stock Performance
During the last five days, there has been a drop of approximately -0.20%. Over the course of the year, Marvell Technology Inc shares have jumped approximately 5.02%. Shares of the company reached a 52-week high of $123.41 on 01/06/25 and a 52-week low of $110.25 on 01/02/25. A 50-day SMA is recorded $103.86, while a 200-day SMA reached $79.11. Nevertheless, trading volume fell to 10.57 million shares from 6.89 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 114.80, which, if violated, would cause prices to drop to 113.61. In the upper region, resistance lies at 118.14. The next price resistance is at 120.29. RSI (Relative Strength Index) is 56.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 54.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
