Marvell rises after top executives buy shares of chipmaker
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Shares of Marvell Technology (NASDAQ:MRVL) increased by approximately 3% after several top executives purchased the company's stock. CEO Matt Murphy bought 13,600 shares at $77 each, increasing his total to 268,637 shares. COO Chris Koopmans acquired 6,800 shares at $78.03, totaling 104,825 shares. CFO Willem Meintjes purchased 3,400 shares at the same price, bringing his total to 132,159 shares. Additionally, Sandeep Bharathi, President of the Data Center Group, bought 3,400 shares at $78.03, now owning 73,392 shares.
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