On June 25, GraniteShares 2x Long MRVL ETF rose 8.8% in regular trading, trading at $159.191/share, with turnover of $55.50 million.

On the news front, Bank of America Securities sharply raised its target price on underlying stock Marvell Technology from $240 to $365, representing a gain of over 52%, reflecting strong institutional confidence in its AI and optical communications business outlook. KeyBanc had also previously raised its target price significantly.

Additionally, Marvell Technology was officially added to the S&P 500 Index this week, with passive index fund allocation demand continuing to flow in. On June 23, Marvell Technology had fallen over 9% during a broad chip sector pullback, and the current rebound appears driven by a combination of oversold recovery and multiple positive catalysts.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)