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Marvell (MRVL) Surges: Stock Moves 6.5% Higher

Zacks Equity Research
·2 mins read

Marvell Technology Group Ltd. MRVL was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $32.79 to $37.77 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of no increase and two decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Marvell has a Zacks Rank #4 (Sell) while its Earnings ESP is negative. 

Marvell Technology Group Ltd. Price

Marvell Technology Group Ltd. Price
Marvell Technology Group Ltd. Price

Marvell Technology Group Ltd. price | Marvell Technology Group Ltd. Quote

Investors interested in the Semiconductor - Communications industry may consider Nitto Denko Corp NDEKY which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Marvell Technology Group Ltd. (MRVL) : Free Stock Analysis Report
 
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