Monday, September 11, 2017 10:15 PM ET
Insider Selling in Marvell Technology Group (MRVL) Shares Continues
A filing with the SEC today indicated a notable insider sale of Marvell Technology Group shares as — Sehat Sutardja, 10% Owner — disposed of 537,235 shares in the company having a market value of approximately $9,439,058. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 420,422 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 957,657 shares and have averaged 478,829 shares per transaction over this time period.
Marvell Technology Group level of buy-sell trading activity is close to the 78 member peer company average. The Semiconductors peer group saw 163 buy/sell trades during this period for an average of 2.1 transactions per company. However, the number of shares per buy/sell trade transacted by Marvell Technology Group insiders is higher. Within the peer group there were 247,089 shares purchased and 47,648,681 shares sold with company insiders selling 290,807 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing this story.
Using proprietary Natural Language Generation (NLG) technology, 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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