Friday, October 20, 2017 10:15 PM ET
Insider Sale at Marvell Technology Group (MRVL) Continues Selling Trend
There was a notable sale of shares of Marvell Technology Group by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Sehat Sutardja, 10% Owner — sold 474,771 shares in the company having a market value of approximately $8,774,338. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 10,404,166 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 10,878,937 shares and have averaged 5,439,469 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 181 buy/sell trades during this period for an average of 2.4 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 187,030 shares purchased and 56,866,514 shares sold with company insiders selling 313,146 shares on average.
The data used 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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