Marvell Technology's stock dropped 9.78% to $278.67 on June 16, following a rapid rally earlier in the month. The decline was driven by insider selling, including CEO Matthew Murphy offloading 7,500 shares, and broader semiconductor sector weakness as the PHLX Semiconductor index fell 5.71%. Despite the drop, Marvell remains up 27% for the month. Pre-market trading on June 17 suggests a potential rebound, with shares rising 3.85%, though caution remains due to volatile market conditions and low trading volume.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
