The Technology company, Marvell Technology Group Ltd. (NASDAQ: MRVL) closed with change of -0.45% to $21.95 with the total traded volume of 7227965 shares versus to an average volume of 8.40M. The stock was up in the 5 days activity 1.48%. The one month performance of stock was 7.70%. MRVL shares are at -5.59% for the quarter and driving a 30.81% return over the course of the past year and is now at 2.24% since this point in 2018.
Right now MRVL beta is 0.99. The average volatility for the week and month was at 2.24% 2.79% respectively. There are 501.37M shares outstanding and 473.66M shares are floated in market.
Marvell (NASDAQ: MRVL), a leader in storage, networking, and connectivity semiconductor solutions, today reported that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of the company’s previously announced merger transaction with Cavium, Inc. and determined that there are no unresolved national security concerns with respect to the merger. The merger remains subject to customary closing conditions, including receipt of regulatory approval from China’s State Administration for Market Regulation. Marvell continues to expect the merger to close mid-calendar year of 2018.
Shares of Marvell Technology Group Ltd. have been recently spotted trading -12.83% off of the 52-week high price. On the other end, company shares have been noted 47.61% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 14.87 – 25.18. Switching over to some distances from popular moving averages, we see that the stock has been recorded 2.39% away from the 50 day moving average and 6.21% away from the 200 day moving average. Moving closer, we can see that shares have been trading 3.58% off of the 20-day moving average. 3749 employees work in the Company. It has market cap of $11.01B.