Tuesday, October 24, 2017 10:15 PM ET
Significant Insider Selling in Shares of Marvell Technology Group (MRVL) Continues
A SEC filing today disclosed a significant insider sale of Marvell Technology Group shares as — Sehat Sutardja, 10% Owner — disposed of 1,266,498 shares in the company having a market value of approximately $23,490,175. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 10,878,937 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 12,145,435 shares and have averaged 6,072,718 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 184 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 57,381,069 shares sold with company insiders having sold 310,837 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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