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 $746,400 were sold by Koopmans Chris on Jan 22 ’25. At $124.40 per share, Koopmans Chris sold 6,000 shares. The insider’s holdings dropped to 93,931 shares worth approximately $10.03 million following the completion of this transaction.
Also, KOOPMANS FAMILY TRUST U/A DTD purchased 6,000 shares, netting a total of over 746,400 in proceeds.
Before that, Casper Mark had sold 7,755 shares from its account. In a trade valued at $954,485, the EVP & Chief Legal Officer traded Marvell Technology Inc shares for $123.08 each. Upon closing the transaction, the insider’s holdings decreased to 7,755 shares, worth approximately $0.0.
As published in their initiating research note from Melius on January 27, 2025, Marvell Technology Inc [MRVL] has been a Buy and the price target has been revised to $188. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in early December. As of December 04, 2024, UBS has reiterated its “Buy” rating for MRVL. Earlier on December 04, 2024, The Benchmark Company 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 -14.71%. Over the course of the year, Marvell Technology Inc shares have dropped approximately -3.31%. Shares of the company reached a 52-week high of $127.48 on 01/23/25 and a 52-week low of $99.52 on 01/27/25. A 50-day SMA is recorded $108.71, while a 200-day SMA reached $81.12. Nevertheless, trading volume fell to 15.63 million shares from 20.32 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 104.18, which, if violated, would cause prices to drop to 101.57. In the upper region, resistance lies at 108.33. The next price resistance is at 109.87. RSI (Relative Strength Index) is 43.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.86, which suggests the price will decrease in the coming days. Percent R is at 74.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
