Marvell Technology (MRVL) closed at $147.84 on Monday, up 5.83% on nearly twice its average volume. The stock cleared its 52-week high of $139.91 during the session, which means every investor who bought MRVL in the past year is now sitting on a gain. That kind of technical setup draws attention. So does the underlying reason the stock is moving.
This post originally appeared at Money Morning.