Marvell Technology Group Ltd. (MRVL) is Trading Higher on Unusual Volume for February 03

Equities Staff |

Marvell Technology Group Ltd. (MRVL) experienced unusually high volume on Feb. 03, as the stock gained 5.82% to a closing price of $9.18. The stock saw 11.41 million shares trade hands over the course of the day on 49,898 trades. Given that the stock’s average daily volume over the last month has been 5.1 million shares a day, this represents a pretty substantial spike over the norm.

Marvell Technology Group Ltd. has a P/B ratio of 0.93. The stock has traded between $16.78 and $7.40 over the last 52-weeks, its 50-day SMA is now $8.53, and its 200-day SMA $10.83.

Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.

Headquartered in Hamilton, , Marvell Technology Group Ltd. has 7,163 employees and is currently under the leadership of CEO Sehat Sutardja.

For a complete fundamental analysis analysis of Marvell Technology Group Ltd., check out’s Stock Valuation Analysis report for MRVL. To see the latest independent stock recommendations from’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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