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Potential Price Increase for Pixelworks Inc (PXLW) After Recent Insider Activity

Pixelworks Inc’s recent filing unveils that its Chief Financial Officer Aman Haley F unloaded Company’s shares for reported $33330.0 on Feb 16 ’24. In the deal valued at $2.65 per share,12,563 shares were sold. As a result of this transaction, Aman Haley F now holds 307,973 shares worth roughly $0.58 million.

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Then, DEBONIS TODD sold 56,412 shares, generating $144,144 in total proceeds. Upon selling the shares at $2.56, the President and CEO now owns 1,565,065 shares.

Before that, Aman Haley F sold 17,926 shares. Pixelworks Inc shares valued at $45,804 were divested by the Chief Financial Officer at a price of $2.56 per share. As a result of the transaction, Aman Haley F now holds 320,536 shares, worth roughly $0.6 million.

Needham reiterated its Pixelworks Inc [PXLW] rating to a Buy in a research note published on February 09, 2024; the price target was $3.50. A number of analysts have revised their coverage, including Colliers Securities’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Needham began covering PXLW with “Buy” recommendation on October 11, 2021. Colliers Securities revised its rating on August 26, 2021. It rated PXLW as “a Neutral” which previously was an “a Buy”.

Price Performance Review of PXLW

On Tuesday, Pixelworks Inc [NASDAQ:PXLW] saw its stock jump 3.03% to $1.87. Over the last five days, the stock has lost -2.60%. Pixelworks Inc shares have risen nearly 42.75% since the year began. Nevertheless, the stocks have risen 23.84% over the past one year. While a 52-week high of $3.08 was reached on 03/06/24, a 52-week low of $1.01 was recorded on 01/19/24. SMA at 50 days reached $2.2346, while 200 days put it at $1.6536. A total of 0.38 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For PXLW Stock

The 24-hour chart illustrates a support level at 1.7983, which if violated will result in even more drops to 1.7267. On the upside, there is a resistance level at 1.9133. A further resistance level may holdings at 1.9567. The Relative Strength Index (RSI) on the 14-day chart is 46.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0063, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.10%. Stochastics %K at 52.78% indicates the stock is a holding.

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