Monday, October 02, 2017 10:15 PM ET
Insider Selling in Marvell Technology Group (MRVL) Shares Continues
There was a significant sale of shares of Marvell Technology Group by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Sehat Sutardja, 10% Owner — disposed of 93,895 shares in the company having a market value of approximately $1,691,935. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,927,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 4,021,395 shares and have averaged 2,010,698 shares per transaction over this time period.
The level of buy-sell trading at Marvell Technology Group is near the 77 member peer company average. The Semiconductors peer group saw 161 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 190,430 shares purchased and 50,186,472 shares sold with company insiders selling 310,534 shares on average.
The data sourced in composing 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.
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