Marvell Dips 13% in a Week: Should You Buy, Sell or Hold MRVL Stock?
Marvell Technology(MRVL) ZACKS·2024-09-09 22:40
Marvell Technology, Inc. (MRVL) saw its stock tumble 13.2% last week, leaving investors wondering whether to hold, sell or buy more shares. This sharp decline was driven by broader market fears, particularly concerns over a potential recession.The stock’s fall followed disappointing U.S. manufacturing data, which ignited fears about the health of the economy. Compounding these concerns was a lower-than-expected U.S. jobs report for August, which further stoked recessionary worries.There is growing unease am ...