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Marvell shares rise 3.91% to $290.63 on Monday as stock nears $324.20 52-week high

Marvell shares rose 3.91% to $290.63 on Monday, supported by a bullish technical setup with the 20-, 50- and 200-day moving averages aligned to the upside and a positive MACD signal. The stock is moving closer to its 52-week high of $324.20. The company named a new CFO and reaffirmed its FY27 second-quarter outlook, while investors are looking to the Aug. 27 earnings report, with Wall Street expecting EPS of $0.88 and revenue of $2.70 billion.
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