Marvell Technology Inc’s recent filing unveils that its EVP & Chief Legal Officer Casper Mark unloaded Company’s shares for reported $0.69 million on Apr 23 ’25. In the deal valued at $55.00 per share,12,460 shares were sold. As a result of this transaction, Casper Mark now holds 0 shares worth roughly $0.0.
Then, MARK CASPER bought 12,460 shares, generating $630,725 in total proceeds.
Before that, Meintjes Willem A sold 1,500 shares. Marvell Technology Inc shares valued at $103,245 were divested by the Chief Financial Officer at a price of $68.83 per share. As a result of the transaction, Meintjes Willem A now holds 113,592 shares, worth roughly $6.67 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 -0.37% to $58.70. Over the last five days, the stock has gained 18.87%. Marvell Technology Inc shares have fallen nearly -46.85% since the year began. Nevertheless, the stocks have fallen -9.48% 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 $70.73, while 200 days put it at $83.55.
Levels Of Support And Resistance For MRVL Stock
The 24-hour chart illustrates a support level at 57.31, which if violated will result in even more drops to 55.92. On the upside, there is a resistance level at 59.48. A further resistance level may holdings at 60.26. The Relative Strength Index (RSI) on the 14-day chart is 48.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.68%. Stochastics %K at 78.55% 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 2025-04-15, growing by 1.21 million shares to a total of 26.66 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 25.45 million shares. There was a rise of 4.53%, 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.
