Marvell downgraded to Market Perform from Outperform at JMP Securities JMP Securities downgraded Marvell following the $1.7B jury award against the company and the impact on its balance sheet. The firm adds that checks indicate ongoing weakness in PC demand and that there are other lawsuits in the process.
Marvell calls active on renewed takeover speculation Marvell January and February weekly 15.5 calls are active on total call volume of 17,200 contracts (50 puts) on renewed takeover speculation. February weekly call option implied volatility is at 43, March is at 36, May is at 34; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders taking positions for upside price movement.