Marvell downgraded at Susquehanna As previously reported, Susquehanna downgraded Marvell to Hold from Positive and lowered its price target on the stock to $16 from $19. The firm is concerned about the overbuild of Chinese handsets and its potential for a lack of sustainability.
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.