(VIANEWS) – Shares of Marvell Technology Group (NASDAQ: MRVL) dropped 8.09% to $57.82 at 15:39 EST on Thursday, after four successive sessions in a row of gains. NASDAQ is dropping 5.65% to $12,232.48, after three successive sessions in a row of gains. This seems, at the moment, a very negative trend trading session today.

Marvell Technology Group’s last close was $62.91, 32.97% below its 52-week high of $93.85.

Volume

Today’s last reported volume for Marvell Technology Group is 6120633 which is 41.5% below its average volume of 10462873.

The company’s growth estimates for the ongoing quarter and the next is 65.5% and 72.4%, respectively.

Marvell Technology Group’s Revenue

Year-on-year quarterly revenue growth grew by 61.5%, now sitting on 3.92B 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 positive 0.34%, a negative 0.57%, and a positive 3.38%, respectively.

Marvell Technology Group’s highest amplitude of average volatility was 3.76% (last week), 3.54% (last month), and 3.38% (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 oversold (<=20).

Marvell Technology Group’s Stock Yearly Top and Bottom Value

Marvell Technology Group’s stock is valued at $57.82 at 15:39 EST, way under its 52-week high of $93.85 and way above its 52-week low of $40.79.

Marvell Technology Group’s Moving Average

Marvell Technology Group’s worth is way under its 50-day moving average of $65.94 and way below its 200-day moving average of $68.85.

More news about Marvell Technology Group (MRVL).

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