Calix Inc.’s filing revealed that its Director LISTWIN DONALD J unloaded Company’s shares for reported $4.32 million on Aug 04. In the deal valued at $43.15 per share,100,000 shares were sold. As a result of this transaction, LISTWIN DONALD J now holds 497,533 shares worth roughly $ 23.69 million.
Then, Collins John Matthew sold 10,000 shares, generating $471,200 in total proceeds. Upon selling the shares at $47.12, the Chief Commercial Ops Officer now owns 0 shares.
Before that, Collins John Matthew sold 5,000 shares. Calix Inc. shares valued at $220,486 were divested by the Chief Commercial Ops Officer at a price of $44.10 per share. As a result of the transaction, Collins John Matthew now holds 0 shares, worth roughly $0.0.
JP Morgan initiated its Calix Inc. [CALX] rating to a Neutral in a research note published on Tuesday, May 19, 2023; the price target was $49. PT values the company’s stock at a premium of 2.82 to its Tuesday closing price.
Price Performance Review of CALX
On Tuesday, Calix Inc. [NYSE:CALX] saw its stock jump 1.36% to $47.62. On the same session, the stock had its day’s lowest price of $46.62, but rose to a high of $47.73. Over the last five days, the stock has gained 12.42%. Calix Inc. shares have fallen nearly -30.41% since the year began. Nevertheless, the stocks have fallen -17.30% over the past one year. While a 52-week high of $77.44 was reached on 01/09/23, a 52-week low of $39.61 was recorded on 08/18/23. SMA at 50 days reached $45.42, while 200 days put it at $52.74. A total of 0.72 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For CALX Stock
The 24-hour chart illustrates a support level at 46.92, which if violated will result in even more drops to 46.21. On the upside, there is a resistance level at 48.03. A further resistance level may holdings at 48.43. The Relative Strength Index (RSI) on the 14-day chart is 66.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.35%. Stochastics %K at 96.61% indicates the stock is a selling.
How much short interest is there in Calix Inc.?
A steep rise in short interest was recorded in Calix Inc. stocks on Aug 14, 2023, growing by 0.54 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.99 million shares. There was a rise of 21.34%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.00% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.09.
Calix Inc. [CALX] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,631,488 shares, or roughly 10.00% of the outstanding CALX shares. In other words, the investor’s shares have risen by 303,507 from its previous 13-F filing of 6327981.0. Additionally, The Vanguard Group, Inc. increased 5.45% of its stake after which the total value it holdings stand at $266,009,385, while SSgA Funds Management, Inc. added 0.96% of its stake to hold $87.0 million in the firm. Over the last quarter, AllianceBernstein LP sold -279,043 shares of Calix Inc., while Gilder, Gagnon, Howe & Co. LLC sold -326,081 shares. At present, Dimensional Fund Advisors LP is holding 1,644,692 shares valued at $74.19 million. Wellington Management Co. LLP owned 1,275,422 shares of the company at the time of its most recent 13F filing, worth $57.53 million.
According to FactSet, Calix Inc.’s share price will average $76.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 64.96 percent from its previous closing price of $46.98. Analysts expect Calix Inc. stock to reach the higher price of $95.00, while the lowest price estimate is $51.00. However, 8 analysts have rated CALX stock as a Buy in their predictions for 2023.