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 $638,100 were sold by Koopmans Chris on Feb 18 ’25. At $106.35 per share, Koopmans Chris sold 6,000 shares. The insider’s holdings dropped to 87,931 shares worth approximately $9.56 million following the completion of this transaction.
Also, Meintjes Willem A sold 1,500 shares, netting a total of over 159,525 in proceeds. Following the sale of shares at $106.35 each, the insider now holds 115,092 shares.
Before that, Casper Mark had sold 1,253 shares from its account. In a trade valued at $134,835, the EVP & Chief Legal Officer traded Marvell Technology Inc shares for $107.61 each. Upon closing the transaction, the insider’s holdings decreased to 1,253 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 surge of approximately 3.12%. Over the course of the year, Marvell Technology Inc shares have dropped approximately -1.58%. 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 $113.37, while a 200-day SMA reached $84.43. Nevertheless, trading volume fell to 9.39 million shares from 13.24 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 106.69, which, if violated, would cause prices to drop to 104.66. In the upper region, resistance lies at 110.87. The next price resistance is at 113.02. RSI (Relative Strength Index) is 47.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.47, which suggests the price will decrease in the coming days. Percent R is at 60.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
