Large Outflow of Money Witnessed in Marvell Technology Group Ltd.

Shares of Marvell Technology Group Ltd. (MRVL) advanced to $15.27. The price had gained 2.69% or 0.4 points intraday. The latest trading session witnessed $16.44 million in upticks and $19.79 million in downticks, resulting in net money flow of (-3.35) million. The up/down ratio for the day stood at 0.83. On a weekly scale, the price has seen a change of 1.19%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-0.76) million occurred during the day. $4.53 million in uptick and $5.29 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.86.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Marvell Technology Group Ltd. rose by 0.46% in the last five trading days and 10.53% for the last 4 weeks. Marvell Technology Group Ltd. is up 18.16% in the last 3-month period. Year-to-Date the stock performance stands at 10.53%. Marvell Technology Group Ltd. (NASDAQ:MRVL) rose 3.09% or 0.46 points on Wednesday and made its way into the gainers of the day. After trading began at $15.49 the stock was seen hitting $15.585 as a peak level and $15.13 as the lowest level. The stock ended up at $15.33. The daily volume was measured at 8,472,072 shares. The 52-week high of the share price is $15.585 and the 52-week low is $8.32. The company has a market cap of $7,786 million.

Company has reported several Insider transactions to the SEC, on Jun 25, 2015, Zining Wu (Chief Technology Officer) sold 51,312 shares at 14.51 per share price.

Marvell Technology Group Ltd. Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.12. The company had revenue of $654.00 million for the quarter, compared to analysts expectations of $615.76 million. The companys revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by UBS on Feb 1, 2017 to Buy, Raises Price Target to $ 20 from a previous price target of $12 .Marvell Technology Group Ltd. was Initiated by Loop Capital to Buy on Dec 6, 2016. Marvell Technology Group Ltd. was Downgraded by Goldman to Sell on Dec 5, 2016. Company shares were Reiterated by UBS on Dec 1, 2016 to Sell, Raises Price Target to $ 12 from a previous price target of $9 .Company shares were Reiterated by Cowen on Nov 18, 2016 to Outperform, Raises Price Target to $ 18 from a previous price target of $16 .

Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. The companys goal is to continue to support its customers in providing faster, better solutions to meet their customers needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.


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