These 2 Stocks Are Missing Friday's Rally
Many investors had started to feel as though March would continue February's doldrums, with bond yields rising and worries about inflationary pressures increasing. Yet Friday brought much-needed relief to the market, with the Dow Jones Industrial Average (DJINDICES: ^DJI) picking up more than 250 points by mid-afternoon and other major market benchmarks rising more than 1%.
Still, even on a strong day, a few stocks missed the boat. Marvell Technology (NASDAQ: MRVL) failed to deliver on the promise of matching the performance of some of its semiconductor stock peers, while Bumble (NASDAQ: BMBL) saw some key investors resort to selling some of their shares at a fairly inopportune time. You'll find more about the details below.
Marvell Technology shares fell 7% in early afternoon trading on Friday. The semiconductor chip maker reported fiscal fourth-quarter results from the period ending Jan. 28 that didn't inspire confidence in its investors.
Source Fool.com
