The Vetr crowd upgraded their rating for Marvell Technology Group Ltd. (NASDAQ: MRVL) on Monday, from 2.5 stars (Sell), issued two days ago, to 3 stars (Hold). Crowd sentiment for Marvell is generally cautious, with 57 percent of Vetr user ratings bearish.
Looking solely at the price from the past 30 days, Marvell has had a pretty placid month, wavering within the $14-$15 range. The stock closed at $14.20, down 0.8 percent.
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However, the semiconductor company did receive a bid of confidence from Shannon River Fund Management Llc. Based on a third quarter 13F filing; The hedge fund picked up an additional 370,000 shares of the stock earlier in December, bringing its holdings up to 2 million.
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Currently, the Vetr crowd's average target price for the stock is down at $14, which is a little lower that the average analyst target price of $14.30. Less than 2 percent of Vetr users are holding MRVL in their watch lists.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.