Marvell Technology Inc’s filing revealed that its EVP, Chief Operations Officer Koopmans Chris unloaded Company’s shares for reported $0.75 million on Jan 22 ’25. In the deal valued at $124.40 per share,6,000 shares were sold. As a result of this transaction, Koopmans Chris now holds 93,931 shares worth roughly $11.65 million.
Then, KOOPMANS FAMILY TRUST U/A DTD bought 6,000 shares, generating $746,400 in total proceeds.
Before that, Casper Mark sold 7,755 shares. Marvell Technology Inc shares valued at $954,485 were divested by the EVP & Chief Legal Officer at a price of $123.08 per share. As a result of the transaction, Casper Mark now holds 0 shares, worth roughly $0.0.
Wells Fargo reiterated its Marvell Technology Inc [MRVL] rating to an Overweight in a research note published on December 04, 2024; the price target was $130. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. The Benchmark Company also remained covering MRVL and reiterated its “Buy” recommendation on December 04, 2024. TD Cowen maintained its rating on December 04, 2024. It rated MRVL as “a Buy”.
Price Performance Review of MRVL
On Friday, Marvell Technology Inc [NASDAQ:MRVL] saw its stock fall -1.62% to $124.02. Over the last five days, the stock has gained 5.48%. Marvell Technology Inc shares have risen nearly 12.29% since the year began. Nevertheless, the stocks have risen 75.67% over the past one year. While a 52-week high of $127.48 was reached on 01/23/25, a 52-week low of $53.19 was recorded on 01/02/25. SMA at 50 days reached $107.99, while 200 days put it at $80.65.
Levels Of Support And Resistance For MRVL Stock
The 24-hour chart illustrates a support level at 122.73, which if violated will result in even more drops to 121.43. On the upside, there is a resistance level at 126.26. A further resistance level may holdings at 128.49. The Relative Strength Index (RSI) on the 14-day chart is 62.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.72%. Stochastics %K at 87.53% indicates the stock is a selling.
How much short interest is there in Marvell Technology Inc?
A steep rise in short interest was recorded in Marvell Technology Inc stocks on 2024-11-15, growing by 2.24 million shares to a total of 20.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 18.12 million shares. There was a rise of 11.01%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 04, 2024 when Susquehanna resumed its ‘”a Positive”‘ rating for the stock and retained the price target to $125.
