In a filing, Marvell Technology Inc revealed its Chief Financial Officer Meintjes Willem A unloaded Company’s shares for reported $90000.0 on May 01 ’25. In the deal valued at $60.00 per share,1,500 shares were sold. As a result of this transaction, Meintjes Willem A now holds 124,348 shares worth roughly $7.71 million.
Then, WILLEM MEINTJES bought 1,500 shares, generating $90,000 in total proceeds.
Before that, Casper Mark sold 12,460 shares. Marvell Technology Inc shares valued at $685,300 were divested by the EVP & Chief Legal Officer at a price of $55.00 per share. As a result of the transaction, Casper Mark now holds 0 shares, worth roughly $0.0.
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 -0.56% to $61.98. Over the last five days, the stock has gained 5.59%. Marvell Technology Inc shares have fallen nearly -43.88% since the year began. Nevertheless, the stocks have fallen -2.88% 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 $66.03, while 200 days put it at $83.25.
Levels Of Support And Resistance For MRVL Stock
The 24-hour chart illustrates a support level at 61.06, which if violated will result in even more drops to 60.13. On the upside, there is a resistance level at 62.93. A further resistance level may holdings at 63.87. The Relative Strength Index (RSI) on the 14-day chart is 53.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.45%. Stochastics %K at 92.44% indicates the stock is a selling.
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.
