Selling US$7.9m Of Stock Was Lucrative Decision For Marvell Technology Insiders [Yahoo! Finance]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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US:NASDAQ Investor Relations:
marvell.com/company/investor_relations
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Source: Yahoo! Finance
Selling at an average price of US$61.62, which is higher than the current price might have been the right call as holding on to stock would have meant their investment would be worth less now than it was at the time of sale. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. Check out our latest analysis for Marvell Technology The Last 12 Months Of Insider Transactions At Marvell Technology The Independent Director, Fouad Tamer, made the biggest insider sale in the last 12 months. That single transaction was for US$5.4m worth of shares at a price of US$59.58 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$69.62. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note
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MRVL
News
- Marvell Technology (MRVL) Increases Despite Market Slip: Here's What You Need to Know [Yahoo! Finance]Yahoo! Finance
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- Nvidia Seems Poised to Enter the Multibillion-Dollar Custom Artificial Intelligence (AI) Chip Market [Yahoo! Finance]Yahoo! Finance
- Marvell Technology, Inc. (NASDAQ: MRVL) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $85.00 price target on the stock.MarketBeat
MRVL
Earnings
- 3/7/24 - Beat
MRVL
Sec Filings
- 5/8/24 - Form ARS
- 5/8/24 - Form DEFA14A
- 5/8/24 - Form DEF
- MRVL's page on the SEC website