(VIANEWS) – Shares of Marvell Technology Group (NASDAQ: MRVL) dropped 5.93% to $68.25 at 15:43 EST on Tuesday, after five consecutive sessions in a row of losses. NASDAQ is falling 0.15% to $13,747.94, following the last session’s upward trend. This seems, as yet, a somewhat down trend trading session today.

Marvell Technology Group’s last close was $72.09, 23.19% below its 52-week high of $93.85.

Volume

Today’s last reported volume for Marvell Technology Group is 11176974 which is 13.16% above its average volume of 9876991.

The company’s growth estimates for the current quarter and the next is 52% and 48.3%, respectively.

Marvell Technology Group’s Revenue

Year-on-year quarterly revenue growth grew by 47.9%, now sitting on 3.46B for the twelve trailing months.

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 $68.25 at 15:43 EST, way under its 52-week high of $93.85 and way higher than its 52-week low of $37.92.

Marvell Technology Group’s Moving Average

Marvell Technology Group’s value is below its 50-day moving average of $71.55 and way above its 200-day moving average of $58.01.

More news about Marvell Technology Group (MRVL).

LEAVE A REPLY

Please enter your comment!
Please enter your name here