Marvell Technology (MRVL) Attempts Red-to Green Reversal Following Additional Purchase of 17,500 Mar 16 Calls
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Price: $278.85 -9.42%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +37.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +37.3%
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An additional 17,500 Mar 16 Calls were purchased on the offer at $0.30, shortly after 2:30pm EST. Earlier in the session, Susquehanna option strategist Alison Edwards noted a 5000 purchase of the same contracts into this weeks analyst day.
The shares had their price target raised by Citi Atif Malik to $14Marvell Technology (NASDAQ: MRVL)
.50 today.
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