Marvell Technology Inc’s (MRVL) Stock Increases by 1.96%

Marvell Technology Inc (MRVL) experienced a 1.96% increase in pre-market trading on Wednesday morning, bringing the stock price to $69.6. This rise indicates that the stock has traded more bullishly than 67% of other stocks on the market over the past month, as reflected in its short-term technical score of 67. In the Semiconductors industry, which is ranked 85 out of 146 industries, MRVL ranks higher than 74% of stocks.

Over the past month, Marvell Technology Inc has risen by 1.01%, closing at $67.54 on February 28. During this time, the stock reached a low of $65.06 and a high of $85.76. The average analyst recommendation for MRVL is Strong Buy, with an average price target of $87.78.

With an Overall Score of 50, Marvell Technology Inc continues to show positive signs of growth and is worth keeping an eye on for informed investment decisions in the Semiconductors industry, which is ranked 85 out of 146 industries and where MRVL ranks above average with a performance higher than 74% of its peers during this period under review.

By Samantha Johnson

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