Marvell (MRVL) Sinks on Patent Ruling
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Price: $206.26 -7.27%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
EPS Growth %: +38.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
EPS Growth %: +38.8%
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Shares of Marvell Technology Group Ltd (NASDAQ: MRVL) saw mid-day pressure following reports from the Wall Street Journal that a jury ruled the company should pay $1.17 billion in patent case brought by Carnegie Mellon University.
Shares of Marvell last traded down 8.6% to 7.54.
Shares of Marvell last traded down 8.6% to 7.54.
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