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.
For further details see:
These 2 Stocks Are Missing Friday's Rally