Marvell Technology Weaker On The Day (MRVL)

Shares of Marvell Technology MRVL are weaker on Monday, despite a strong rally in the broader stock market. The stock has lost 0.67% to $17.79 despite a move higher in the NASDAQ market of around 1.3%. Marvell (MRVL) is a semiconductor company. The sector has been hit hard over the last couple of months, but MRVL has performed much better than some of its competitors. Over the last month, the shares have gained 10%. Over the last three months, they have fallen around 6.5%. Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The Company develops complex system-on-a-chip (SoC) devices using its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing and embedded advanced RISC machine (ARM)-based microprocessor integrated circuits.