Short-Term Gaining Stock: Marvell Technology Group Ltd. (NASDAQ: MRVL)

Within a week MRVL has grown from $27.56 to $30.13 with volatility on May 19. The deepest bottom price was March 16 when all the stocks crashed due to the initial COVID-19 lockdown. Most of the tech, pharmacy, healthcare, and biotech companies’ stocks have been gaining since they are on the front lines in the fight against the pandemic.

Q1 2020 revenue rose to $717,671,000 along with the $412,927,000 its cost. Operating expenses grew by $14 million roughly that made operating income negative. However, special income charges got net income common stockholder positive with $1,772,673. So, Q1 2020 EBIT became positive too. Moreover, the total assets with total equity gross minority interest grew by at least $900,000.

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Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life