Marvell Technology Inc’s filing revealed that its Chief Operating Officer Koopmans Chris unloaded Company’s shares for reported $0.64 million on Feb 18 ’25. In the deal valued at $106.35 per share,6,000 shares were sold. As a result of this transaction, Koopmans Chris now holds 87,931 shares worth roughly $7.55 million.
Then, Meintjes Willem A sold 1,500 shares, generating $159,525 in total proceeds. Upon selling the shares at $106.35, the Chief Financial Officer now owns 115,092 shares.
Before that, Casper Mark sold 1,253 shares. Marvell Technology Inc shares valued at $134,835 were divested by the EVP & Chief Legal Officer at a price of $107.61 per share. As a result of the transaction, Casper Mark now holds 0 shares, worth roughly $0.0.
Melius initiated its Marvell Technology Inc [MRVL] rating to a Buy in a research note published on January 27, 2025; the price target was $188. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who remained covering the stock and in early December has reiterated a ‘”an Overweight”‘ rating for it. UBS also remained covering MRVL and reiterated its “Buy” recommendation on December 04, 2024. The Benchmark Company maintained its rating on December 04, 2024. It rated MRVL as “a Buy”.
Price Performance Review of MRVL
On Monday, Marvell Technology Inc [NASDAQ:MRVL] saw its stock fall -6.52% to $85.83. Over the last five days, the stock has lost -12.34%. Marvell Technology Inc shares have fallen nearly -22.29% since the year began. Nevertheless, the stocks have risen 27.08% 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 03/03/25. SMA at 50 days reached $110.60, while 200 days put it at $85.31.
Levels Of Support And Resistance For MRVL Stock
The 24-hour chart illustrates a support level at 82.84, which if violated will result in even more drops to 79.85. On the upside, there is a resistance level at 90.85. A further resistance level may holdings at 95.87. The Relative Strength Index (RSI) on the 14-day chart is 33.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.53%. Stochastics %K at 8.44% indicates the stock is a buying.
The most recent change occurred on December 04, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $125.
