Overall market sentiment has been high on Marvell Technology Inc (MRVL) stock lately. MRVL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Marvell Technology Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MRVL!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With MRVL Stock Today?
Marvell Technology Inc (MRVL) stock is higher by 2.12% while the S&P 500 is down -0.06% as of 11:42 AM on Wednesday, Dec 8. MRVL is up $1.94 from the previous closing price of $91.51 on volume of 6,523,853 shares. Over the past year the S&P 500 is up 26.87% while MRVL is up 111.71%. MRVL lost -$0.51 per share in the over the last 12 months.
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More About Marvell Technology Inc
Marvell Technology is a leading fabless chipmaker focused on networking and storage applications. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical interconnections, application-specific integrated circuits (ASICs), and merchant silicon for ethernet applications. The firm is an active acquirer, with five large acquisitions since 2017 helping it pivot out of legacy consumer applications to focus on the cloud and 5G markets.
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