Friday, October 06, 2017 10:15 PM ET
Significant Insider Selling Continues at Marvell Technology Group (MRVL)
One Marvell Technology Group insider — Sehat Sutardja, 10% Owner — today, sold 387,642 shares having a market value of approximately $7,164,516, 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 5,863,895 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 6,251,537 shares and have averaged 3,125,769 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 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 190,430 shares purchased and 52,234,871 shares sold with company insiders disposing of 321,262 shares on average.
In order to focus on 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 data obtained to create and write this story.
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