🔴 Marvell Technology Group is trading 11.45% down today amid broad semiconductor weakness

Marvell Technology Group is trading at $194.13, with a -11.45% change amid semiconductor weakness.

• SOXX fell 10.40% during the regular session after Intel issued a weak fourth-quarter outlook.
• Marvell remains under pressure after reports of advanced talks to acquire Lumentum in a potential all-stock deal raised investor concerns about dilution and deal funding. Reports tied the talks to the prior session’s sharp decline, but do not establish them as the cause of today’s move.
• No new company-specific announcement explaining the October 30 decline was identified.