Marvell Technology Group Ltd. (MRVL) Moves Lower on Volume Spike for September 10

Equities Staff  |

Marvell Technology Group Ltd. (MRVL) traded on unusually high volume on Sep. 10, as the stock lost 2.16% to close at $19.03. On the day, Marvell Technology Group Ltd. saw 19.79 million shares trade hands on 108,533 trades. Considering that the stock averages only a daily volume of 8.38 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $25.18 and $17.22 over the last 52-weeks, its 50-day SMA is now $21.13, and its 200-day SMA $21.80. Marvell Technology Group Ltd. has a P/B ratio of 2.91. It also has a P/E ratio of 25.6.

Marvell Technology Group Ltd and its subsidiaries is a fabless semiconductor provider of application-specific standard products. The company's product portfolio includes devices for storage, networking and connectivity.

Headquartered in Hamilton, , Marvell Technology Group Ltd. has 3,749 employees and is currently under the leadership of CEO Matthew J. Murphy.

For a complete fundamental analysis analysis of Marvell Technology Group Ltd., check out’s Stock Valuation Analysis report for MRVL.

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To get more information on Marvell Technology Group Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: MRVL’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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

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