Wednesday, October 04, 2017 10:15 PM ET
Insider Sale at Marvell Technology Group (MRVL) Continues Selling Trend
An insider sold 1,842,500 shares of Marvell Technology Group having a market value of approximately $34,119,113 today, as revealed 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 4,021,395 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 5,863,895 shares and have averaged 2,931,948 shares per transaction over this time period.
The number of buy-sell trades for Marvell Technology Group is close to that of the 77 member peer company average. The Semiconductors peer group saw 164 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 50,367,020 shares sold with company insiders having sold 305,955 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to compose and write this story.
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