Marvell Shares Sit Deep Below Record High After Lumentum Deal
· 2 sources
TIKR and The Motley Fool look at Marvell's steep decline from its high, following a $115 billion Lumentum deal and a chip sector rout.
What happened
Marvell Technology (MRVL) is the subject of two new analyses from TIKR.com and The Motley Fool, both focused on how far the stock has fallen from its record high.
TIKR.com reports that Marvell's $115 billion deal for Lumentum and a rout in chip stocks have weighed on the shares, even as data center sales accelerate. The outlet puts the distance from the high at 57%, and cites a 44% drop in the stock.
The Motley Fool puts the decline from the record at 58% and looks back at the last 4 times Marvell fell this much. It reports that two of the chip designer's past rebounds from a crash of this depth took over five years.
Context
Marvell designs semiconductors, and its business is closely tied to demand from data centers.
Why it matters
The coverage shows how a large acquisition and a broad chip sector selloff can combine to shape sentiment toward a single semiconductor company.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$141.20+5.73% vs. previous close ($133.55) · November 6
Fair value (ATLAS)
$74.59Fair range: $25.52 to $106.66The price ($141.20) is 89.3% above that figure.
Chance of a rise in 1 month
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $112.40 and $162.91; 9 in 10, between $80.89 and $226.38.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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