Marvell Technology (MRVL) Stock Sinks As Market Gains: Here's Why

Marvell Technology (MRVL) closed at $65.68 in the latest trading session, marking a -0.29% move from the prior day. This move lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.Shares of the chipmaker have appreciated by 11.1% over the course of the past month, outperforming the Business Services sector's gain of 2.13% and the S&P 500's gain of 3.52%.Investors will be eagerly watching for the performance of Marvell Technolo ...