Thursday, September 07, 2017 10:15 PM ET
Insider Sale at Marvell Technology Group (MRVL) Deemed Significant
One insider — Sehat Sutardja, 10% Owner — today, sold 420,422 shares of Marvell Technology Group having a market value of approximately $7,498,573, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
During the last 90 days, the number of insider buy/sell trades at Marvell Technology Group is less than the 78-company peer group average. Semiconductors peer group saw 160 buy/sell trades during this period for an average of 2.1 transactions per company. However, the number of shares per buy/sell trade for Marvell Technology Group is higher. Within the peer group there were 226,489 shares purchased and 47,187,490 shares sold with company insiders disposing of 293,506 shares on average.
The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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