Marvell Technology Inc (NASDAQ: MRVL) stock closed at $112.25 on 12/17/24 after a major decline of -10.0%. Moreover, exceptionally high trading volume at 242% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.9% during the last week.
Current PriceTarget Research Rating
Marvell Technology has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Marvell Technology has a poor Appreciation Score of 22 but a very high Power Rating of 86, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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