Marvell Technology (MRVL) shares fell 13.24% to $218.34 on Oct. 29, on trading volume of 40.4 million shares, about 87% above the three-month average of 21.6 million. The decline followed reports that Marvell is in advanced talks to acquire Lumentum Holdings, with investors weighing financing and integration risks. Sources say the deal could be an all-stock transaction and may be announced as early as next week, though no final agreement has been reached. The S&P 500 fell 0.31% to 7,720 and the Nasdaq Composite fell 1.38% to 26,185. At its Oct. 6 investor day, Marvell had raised its fiscal 2028 revenue outlook to $20 billion.
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