In December, shares of Marvell Technology (NASDAQ: MRVL) have taken one step forward and three steps back. The semiconductor company put out a strong earnings report and outlook on Dec. 2.
Markets reacted very positively, pushing shares up nearly 8% the next day to just over $100. However, as of the Dec. 16 close, Marvell trades near $84, an approximately 16% decline after its post-earnings surge.
