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Marvell Technology Executives Signal Confidence with $2.1 Million Stock Buy
Marvell Technology Executives Signal Confidence with $2.1 Million Stock Buy
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BTCCSquare news:
Marvell Technology (MRVL) shares surged 4% following disclosures that top executives, including CEO Matthew Murphy, purchased $2.1 million worth of company stock. Murphy acquired 13,600 shares at $77.09 each, totaling $1.05 million, elevating his direct holdings to 268,637 shares valued at $22.4 million.
CFO Willem Meintjes and President Chris Koopmans joined the buying spree, adding $265,300 and $530,600 worth of shares respectively. The transactions, executed amid a 24% year-to-date decline in MRVL stock, reflect strong insider conviction in the semiconductor firm's trajectory.
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