(VIANEWS) – Shares of Marvell Technology Group (NASDAQ: MRVL) slid 8.6% to $44.97 at 12:31 EST on Thursday, following the last session’s upward trend. NASDAQ is sliding 4.14% to $10,639.90, after two consecutive sessions in a row of gains. This seems, up to now, a very negative trend exchanging session today.

Marvell Technology Group’s last close was $49.20, 47.58% under its 52-week high of $93.85.

Volume

Today’s last reported volume for Marvell Technology Group is 5177576 which is 48.28% below its average volume of 10012006.

The company’s growth estimates for the present quarter and the next is 75.9% and 61.8%, respectively.

Marvell Technology Group’s Revenue

Year-on-year quarterly revenue growth grew by 68.3%, now sitting on 4.46B for the twelve trailing months.

Volatility

Marvell Technology Group’s last week, last month’s, and last quarter’s current intraday variation average was a negative 3.59%, a negative 0.10%, and a positive 3.65%, respectively.

Marvell Technology Group’s highest amplitude of average volatility was 4.29% (last week), 3.87% (last month), and 3.65% (last quarter), respectively.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

Marvell Technology Group’s stock is considered to be overbought (>=80).

Marvell Technology Group’s Stock Yearly Top and Bottom Value

Marvell Technology Group’s stock is valued at $44.97 at 12:31 EST, way under its 52-week low of $50.41.

Marvell Technology Group’s Moving Average

Marvell Technology Group’s worth is way below its 50-day moving average of $59.60 and way under its 200-day moving average of $68.49.

More news about Marvell Technology Group (MRVL).

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