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Marvell Technology stock falls 58% from previous close

The Motley Fool +1 · ·by G4L

MRVL Marvell Technology Inc
$154.39 -0.14%
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  1. 1Marvell's closing price of $133.55 on November 5 recorded a 58% drop from its previous close.
  2. 2Marvell Technology has agreed to acquire Lumenum Holdings.
  3. 3Marvell's third quarter revenue guidance is approximately $3.15 billion, representing a revenue growth rate of about 52%.

So what's the key point?

Marvell Technology's stock price fell 58% from its previous close. The company has agreed to acquire Lumenum Holdings and expects next quarter's revenue to be approximately $3.15 billion.

Source The Motley Fool +1 · View original ↗

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