Published on 26 Apr 2024 on Simply Wall St. via Yahoo Finance
Despite the fact that Marvell Technology, Inc. (NASDAQ:MRVL) stock rose 12% last week, insiders who sold US$7.9m worth of stock in the previous 12 months are likely to be better off. Selling at an average price of US$61.62, which is higher than the current price might have been the right call as holding on to stock would have meant their investment would be worth less now than it was at the time of sale.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.