MARVELL TECHNOLOGY INC CEDEAR E is trading at $22.60 (+8.97%) following the announcement that Marvell Technology will be added to the S&P 500 index effective June 22.

  • The stock experienced a sharp move earlier in the session, surging more than 9% before paring a portion of those gains.
  • Current price action indicates event-driven trading linked specifically to the index inclusion rather than a broader market trend.