Marvell Technology Inc’s recently made public that its Chief Financial Officer Meintjes Willem A unloaded Company’s shares for reported $0.1 million on Mar 17 ’25. In the deal valued at $68.83 per share,1,500 shares were sold. As a result of this transaction, Meintjes Willem A now holds 113,592 shares worth roughly $5.94 million.
Then, Koopmans Chris sold 6,000 shares, generating $412,980 in total proceeds. Upon selling the shares at $68.83, the Chief Operating Officer now owns 81,931 shares.
Before that, Dixon Panteha sold 1,430 shares. Marvell Technology Inc shares valued at $98,312 were divested by the Chief Accounting Officer at a price of $68.75 per share. As a result of the transaction, Dixon Panteha now holds 31,100 shares, worth roughly $1.63 million.
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 fall -2.12% to $52.26. Over the last five days, the stock has gained 2.47%. Marvell Technology Inc shares have fallen nearly -52.68% since the year began. Nevertheless, the stocks have fallen -26.94% over the past one year. While a 52-week high of $127.48 was reached on 01/23/25, a 52-week low of $47.08 was recorded on 04/07/25. SMA at 50 days reached $81.02, while 200 days put it at $84.37.
Levels Of Support And Resistance For MRVL Stock
The 24-hour chart illustrates a support level at 50.39, which if violated will result in even more drops to 48.52. On the upside, there is a resistance level at 55.08. A further resistance level may holdings at 57.90. The Relative Strength Index (RSI) on the 14-day chart is 35.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.52%. Stochastics %K at 22.58% indicates the stock is a holding.
How much short interest is there in Marvell Technology Inc?
A steep rise in short interest was recorded in Marvell Technology Inc stocks on 2025-03-31, growing by 2.24 million shares to a total of 26.47 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 24.23 million shares. There was a rise of 8.45%, 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.
