Is Marvell Stock a Buy After It Joins the S&P 500?
Marvell stock has skyrocketed this year and is now about to join the S&P 500.
Overview
Inclusion in the S&P 500 (SNPINDEX: ^GSPC) is a big deal for a stock. It helps validate a company's success, and the stock typically gets an immediate boost, as funds that track the index are forced to purchase shares.
Marvell Technology (NASDAQ: MRVL) will become one of the newest members of the index later this month, along with electronic manufacturing services provider Flex. These companies will be replacing soup maker Campbell's and swimming pool supplier Pool Corp.
Details
With Marvell about to enter the S&P, let's see if now is a good time to buy the semiconductor stock.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.