Marvell Technology Inc’s recently made public that its Officer KOOPMANS FAMILY TRUST U/A DTD acquired Company’s shares for reported $0.41 million on Mar 17 ’25. In the deal valued at $68.83 per share,6,000 shares were bought.
Then, WILLEM MEINTJES bought 1,500 shares, generating $103,245 in total proceeds.
Before that, PANTEHA DIXON bought 1,430 shares. Marvell Technology Inc shares valued at $98,313 were divested by the Officer at a price of $68.75 per share.
Loop Capital upgraded its Marvell Technology Inc [MRVL] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Buy”‘ rating for it. Summit Insights also remained covering MRVL and has decreased its forecast on March 06, 2025 with a “Hold” recommendation from previously “Buy” rating. Melius started covering the stock on January 27, 2025. It rated MRVL as “a Buy”.
Price Performance Review of MRVL
On Monday, Marvell Technology Inc [NASDAQ:MRVL] saw its stock jump 2.41% to $70.40. Over the last five days, the stock has gained 7.20%. Marvell Technology Inc shares have fallen nearly -36.26% since the year began. Nevertheless, the stocks have risen 4.10% 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 03/10/25. SMA at 50 days reached $102.85, while 200 days put it at $85.29.
Levels Of Support And Resistance For MRVL Stock
The 24-hour chart illustrates a support level at 69.08, which if violated will result in even more drops to 67.76. On the upside, there is a resistance level at 71.14. A further resistance level may holdings at 71.89. The Relative Strength Index (RSI) on the 14-day chart is 32.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.38%. Stochastics %K at 15.62% indicates the stock is a buying.
How much short interest is there in Marvell Technology Inc?
A steep rise in short interest was recorded in Marvell Technology Inc stocks on 2025-02-28, growing by 8.26 million shares to a total of 24.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 15.98 million shares. There was a rise of 34.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 04, 2024 when Wells Fargo resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $130.
