Insider buying and selling can offer a useful glimpse into how executives view their own companies. While one trade does not make a trend, a big sale from a top insider often gets investors’ attention, especially when the stock has already had a strong run.
That is precisely what happened with Marvell Technology (MRVL). According to a recent filing, EVP and Chief Legal Officer Mark Casper sold 17,854 shares for about $1.89 million, cutting his stake by roughly 46%. It was one of the week’s biggest insider transactions, but the market barely blinked. MRVL shares were essentially flat in the following session.
