Short interest on CALX sees a significant decrease on Feb 29, 2024

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Calix Inc shares valued at $1,988,400 were sold by Collins John Matthew on Oct 27 ’23. At $33.14 per share, Collins John Matthew sold 60,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, LISTWIN DONALD J sold 100,000 shares, netting a total of over 4,315,000 in proceeds. Following the sale of shares at $43.15 each, the insider now holds 497,533 shares.

Before that, Collins John Matthew had sold 10,000 shares from its account. In a trade valued at $471,200, the Chief Commercial Ops Officer traded Calix Inc shares for $47.12 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.0.

As published in their initiating research note from JP Morgan on May 19, 2023, Calix Inc [CALX] has been a Neutral and the price target has been revised to $49. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late December. As of April 12, 2022, Rosenblatt has initiated its “Buy” rating for CALX. Earlier on April 07, 2022, Northland Capital upgraded its rating. Their new recommendation was “an Outperform” for CALX stock which previously was a “a Market perform”.

Analyzing CALX Stock Performance

During the last five days, there has been a drop of approximately -8.73%. Over the course of the year, Calix Inc shares have dropped approximately -22.02%. Shares of the company reached a 52-week high of $45.15 on 01/23/24 and a 52-week low of $31.64 on 01/30/24. A 50-day SMA is recorded $38.08, while a 200-day SMA reached $42.34. Nevertheless, trading volume fell to 0.83 million shares from 0.68 million shares the previous day.

Support And Resistance Levels for Calix Inc (CALX)

According to the 24-hour chart, there is a support level at 33.69, which, if violated, would cause prices to drop to 33.31. In the upper region, resistance lies at 34.77. The next price resistance is at 35.47. RSI (Relative Strength Index) is 39.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 98.52%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Calix Inc subject to short interest?

Stocks of Calix Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.95 million shares to 2.36 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.31 million shares. A decline of -40.25% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.15 of the overall float, the days-to-cover ratio (short ratio) decline to 2.15.

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