From TradingView · · 40s
Marvell Stock Drops 13% in 1D
Marvell Technology's stock fell 13% in one day as it plans a $115 billion acquisition of Lumentim.
In brief
Marvell Technology's stock fell 13% in one day as it plans a $115 billion acquisition of Lumentim. Marvell Technology's stock dropped 13% in one day after announcing a $115 billion purchase of Lumentim. Originally reported by TradingView.
Marvell Technology
Marvell Technology's stock dropped 13% in one day as it plans a $115 billion acquisition of Lumentim.
Lumentim Acquisition
Marvell Technology will purchase Lumentim for $115 billion, causing both stocks to drop sharply.
Investor Reaction
Investors are eyeing Marvell Technology for entry as it navigates recent market volatility.
The takeaway
Marvell Technology's stock dropped 13% in one day after announcing a $115 billion purchase of Lumentim.
