Large Inflow of Money Witnessed in Marvell Technology Group Ltd.

Marvell Technology Group Ltd. (NASDAQ:MRVL) dropped -0.49% or -0.05 points to trade at $10.09 per share. As per the latest trading data available, the net money flow stood at $2.59 million as the shares received $17.17 million in upticks and gave away $14.58 million in downticks. The final up/down ratio was at 1.18. On a weekly basis, the stock has seen a change of 0.7%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 1.24. $11.49 million was the inflow in upticks and $9.23 million was the outflow in downticks. For the block trade, the net money flow was $2.25 million.


The stock has recorded a 20-day Moving Average of 0.46% and the 50-Day Moving Average is 1.46%. The company shares have dropped 30.02% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $14.68 and one year low was seen on January 20, 2016 at $7.4. The 50-day moving average is $9.91 and the 200 day moving average is recorded at $9.48. S&P 500 has rallied 1.93% during the last 52-weeks.

Marvell Technology Group Ltd. (NASDAQ:MRVL): The stock opened at $10.20 on Tuesday but the bulls could not build on the opening and the stock topped out at $10.28 for the day. The stock traded down to $10.05 during the day, due to lack of any buying support eventually closed down at $10.09 with a loss of -0.49% for the day. The stock had closed at $10.14 on the previous day. The total traded volume was 9,349,527 shares.

Currently the company Insiders own 13.7% of Marvell Technology Group Ltd. shares according to the proxy statements. Institutional Investors own 71.19% of Marvell Technology Group Ltd. shares. On the companys insider trading activities, Wu Zining, officer (Chief Technology Officer) of Marvell Technology Group Ltd, unloaded 51,312 shares at an average price of $14.51 on June 23, 2015. The total amount of the transaction was worth $744,537, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets, connectivity, Internet-of-Things (IoT) devices and other consumer electronics. Its products serve diverse applications used in carrier, metropolitan, enterprise and PC-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice video and data applications. As a fabless integrated circuit company, the Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Companys offers its products to three markets: mobile and wireless, storage, and networking.

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