Calix Inc’s recently made public that its Chief Commercial Ops Officer Collins John Matthew unloaded Company’s shares for reported $1.99 million on Oct 27 ’23. In the deal valued at $33.14 per share,60,000 shares were sold. As a result of this transaction, Collins John Matthew now holds 0 shares worth roughly $0.0.
Then, LISTWIN DONALD J sold 100,000 shares, generating $4,315,000 in total proceeds. Upon selling the shares at $43.15, the Director now owns 497,533 shares.
Before that, Collins John Matthew sold 10,000 shares. Calix Inc shares valued at $471,200 were divested by the Chief Commercial Ops Officer at a price of $47.12 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 May 19, 2023; the price target was $49. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Buy”‘ rating for it. Rosenblatt began covering CALX with “Buy” recommendation on April 12, 2022. Northland Capital revised its rating on April 07, 2022. It rated CALX as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of CALX
On Monday, Calix Inc [NYSE:CALX] saw its stock jump 2.15% to $31.79. Over the last five days, the stock has lost -1.97%. Calix Inc shares have fallen nearly -27.24% since the year began. Nevertheless, the stocks have fallen -43.07% over the past one year. While a 52-week high of $56.47 was reached on 01/23/24, a 52-week low of $30.77 was recorded on 04/05/24. SMA at 50 days reached $34.46, while 200 days put it at $40.89. A total of 0.44 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For CALX Stock
The 24-hour chart illustrates a support level at 31.35, which if violated will result in even more drops to 30.92. On the upside, there is a resistance level at 32.06. A further resistance level may holdings at 32.34. The Relative Strength Index (RSI) on the 14-day chart is 36.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.85%. Stochastics %K at 11.79% indicates the stock is a buying.
How much short interest is there in Calix Inc?
A steep rise in short interest was recorded in Calix Inc stocks on Mar 15, 2024, growing by 0.76 million shares to a total of 3.02 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.26 million shares. There was a rise of 25.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.4.
The most recent change occurred on February 23, 2022 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
