Friday, October 13, 2017 10:15 PM ET
Insider Selling in Marvell Technology Group (MRVL) Shares Continues
There was a substantial insider sale of Marvell Technology Group shares today, as revealed in a filing with the SEC as — Sehat Sutardja, 10% Owner — sold 1,424,819 shares in the company having a market value of approximately $26,389,318 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,979,347 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 10,404,166 shares and have averaged 5,202,083 shares per transaction over this time period.
Marvell Technology Group level of buy-sell trading activity is close to the 77 member peer company average. The Semiconductors peer group saw 169 buy/sell trades during this period for an average of 2.2 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 176,430 shares purchased and 55,382,739 shares sold with company insiders selling 326,665 shares on average.
The data sourced in creating 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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