Marvell price target lowered to $17 from $19 at Brean Capital Brean Capital lowered its price target on Marvell to $17 from $19 following Q2 results. The firm cited lowered guidance and said the stock is not expensive so maintains its Buy rating on the shares.
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.