The Latest Breaking News from Marvell Tech

Barclays has decided to maintain its Overweight rating of Marvell Tech (NASDAQ:MRVL) and lower its price target from $90.00 to $80.00. Shares of Marvell Tech are trading up 1.7% over the last 24 hours, at $59.44 per share. A move to $80.00 would account for a 34.6% increase from the…

 

A whale with a lot of money to spend has taken a noticeably bullish stance on Marvell Tech. Looking at options history for Marvell Tech (NASDAQ:MRVL) we detected 49 strange trades.

Someone with a lot of money to spend has taken a bullish stance on Marvell Tech (NASDAQ:MRVL). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 15 years by 2.52% on an annualized basis producing an average annual return of 10.52%. Currently, Marvell Tech has a market capitalization of $63.00 billion.