MRVL Stock Inches Lower Premarket: Outgoing CFO Files To Sell $65M Shares
Marvell Technology, Inc. (MRVL) stock declined in premarket trading after its outgoing CFO, Willem Meintjes, filed to sell 211,329 shares worth $65.3 million. This comes as former Adobe CFO Dan Durn took over the finance chief role, receiving new restricted stock unit awards. Despite the insider share sale, Marvell's stock has risen significantly this year, fueled by strong AI-related bookings and an endorsement from Nvidia's CEO.
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