Friday, September 15, 2017 10:15 PM ET
Insider at Marvell Technology Group (MRVL) Makes Significant Sale of Stock
A filing with the SEC today indicated a significant insider sale of Marvell Technology Group shares as — Sehat Sutardja, 10% Owner — sold 1,375,000 shares in the company having a market value of approximately $24,533,388. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,000,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,375,000 shares and have averaged 1,687,500 shares per transaction over this time period.
The number of buy-sell trades for Marvell Technology Group is close to that of the 78 member peer company average. The Semiconductors peer group saw 159 buy/sell trades during this period for an average of 2.0 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 277,089 shares purchased and 48,940,859 shares sold with company insiders disposing of 306,061 shares on average.
Significant insider buying and selling activity 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 data obtained in creating and writing this story.
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