Tuesday, September 19, 2017 10:15 PM ET
Marvell Technology Group (MRVL) sees Significant Insider Selling Continuing
One insider — Sehat Sutardja, 10% Owner — today, sold 552,500 shares of Marvell Technology Group having a market value of approximately $10,236,366, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,375,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,927,500 shares and have averaged 1,963,750 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 162 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 277,089 shares purchased and 50,390,899 shares sold with company insiders having sold 309,345 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.
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