NEW YORK (AVAFIN) -- Marvell Technology Group options contracts experienced a new 90-day record for call contracts where a total
of 14,240 call contracts were traded in the busy trading session. The contract spread
yielded a 0.33 put/call ratio where 3.0 call contracts were traded for each put contract.
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A significant increase in the trading volume of a stock's option often is a precursor of movement
by the underlying stock. In such instances, put/call Ratio can be used as an investor sentiment
indicator, where a high ratio implies that the overall investor sentiment is bearish and a low
put/call ratio implies that the sentiment is bullish.
Marvell Technology Group Ltd. is a global semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.
Marvell Technology Group is trading at $8.48, up $0.30 (+3.67%) in today's trading session.
The daily low is $8.21 and the high is $8.50. The trading volume of 17M is above
the average volume of 13M shares. MRVL is trading above the 50 day moving
average and lower than the 200 day moving
average. The stock's 52 week low is $6.98 and 52 week high is $16.86. Within the last week, the shares have gained 10.69% of their value.
The stock has a P/E ratio of 14.01 and a dividend yield of 2.20%.
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