In a filing, MaxLinear Inc revealed its Director Tewksbury Ted L III unloaded Company’s shares for reported $0.23 million on Mar 01 ’24. In the deal valued at $19.57 per share,12,000 shares were sold. As a result of this transaction, Tewksbury Ted L III now holds 61,556 shares worth roughly $1.15 million.
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Northland Capital upgraded its MaxLinear Inc [MXL] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo also remained covering MXL and has decreased its forecast on January 03, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. ROTH MKM revised its rating on October 26, 2023. It rated MXL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MXL
On Tuesday, MaxLinear Inc [NASDAQ:MXL] saw its stock fall -3.57% to $18.63. Over the last five days, the stock has lost -3.42%. MaxLinear Inc shares have fallen nearly -21.62% since the year began. Nevertheless, the stocks have fallen -34.77% over the past one year. While a 52-week high of $35.09 was reached on 04/04/24, a 52-week low of $13.43 was recorded on 03/19/24. SMA at 50 days reached $19.92, while 200 days put it at $20.45. A total of 0.49 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For MXL Stock
The 24-hour chart illustrates a support level at 18.37, which if violated will result in even more drops to 18.12. On the upside, there is a resistance level at 19.00. A further resistance level may holdings at 19.38. The Relative Strength Index (RSI) on the 14-day chart is 39.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.86%. Stochastics %K at 26.18% indicates the stock is a holding.
