History Shows MRVL could rally into earnings


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MRVL Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, MRVL stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 4.9% Gains
MRVL is scheduled to report earnings on 3-Dec-2024. The last time Marvell Technology reported earnings on Aug 29, 2024, the stock increased by 9.2% to close at $76.18. At its current price of $87.53, MRVL post earnings drift is +14.9%. Typically, traders tended to bid up MRVL shares (heading into earnings) prior to its scheduled release.

MRVL Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves MRVL had for the last 12 quarters around earnings. The 2 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 4.9%. That was actually a better bullish play than holding MRVL through earnings that saw a 1.2% gain.

MRVL historical stock price movement before earnings

Go to MRVL Historical Price Movements Around Earnings page



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