MARVELL TECHNOLOGY INC CEDEAR E is trading 4% up at $21.80 today, driven by event-driven buying following the company's confirmed entry into the S&P 500.
- The inclusion is effective June 22, serving as a major catalyst for both the underlying stock and the CEDEAR.
- The price action appears company-specific as the broader market remains mixed, with the Nasdaq trading slightly lower.
- The instrument previously reached a high of $22.60 on June 16 before experiencing an intraday reversal.