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Marvell Technology (MRVL) Catches Eye: Stock Jumps 6.1%

Zacks Equity Research

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 $15.65 to $17.33 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also 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 Technology currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%. 

Marvell Technology Group Ltd. Price

Marvell Technology Group Ltd. Price | Marvell Technology Group Ltd. Quote

Investors interested in the Semiconductor - Communications industry may consider NeoPhotonics Corporation NPTN, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MRVL going up? Or down? Predict to see what others think:Up or Down

 

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