Marvell Joins the S&P 500 as We Await Micron’s ‘All-Star’ Earnings
Our eyes are on this Portfolio holding when it comes to Micron’s capex comments.
Marvell Technology (MRVL) officially joined the S&P 500 Monday morning, but that news is likely being overshadowed by reports that Marvell CFO Willem Meintjes filed last week to sell approximately 211,000 shares of stock. That’s more than a pretty penny given where MRVL shares are trading, but what’s not getting as much attention in some circles is that on June 11, Marvell announced Meintjes is stepping down. He is being replaced by incoming CFO Dan Durn, formerly of Adobe (ADBE), who started effective mid-June.
One item that regular Pro Portfolio readers can quibble about…