Pixelworks Inc’s filing revealed that its President and CEO DEBONIS TODD unloaded Company’s shares for reported $28474.0 on May 17 ’24. In the deal valued at $1.15 per share,24,842 shares were sold. As a result of this transaction, DEBONIS TODD now holds 1,765,223 shares worth roughly $1.59 million.
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Then, Aman Haley F sold 5,443 shares, generating $6,237 in total proceeds. Upon selling the shares at $1.15, the Chief Financial Officer now owns 402,530 shares.
Before that, Aman Haley F sold 12,563 shares. Pixelworks Inc shares valued at $33,330 were divested by the Chief Financial Officer at a price of $2.65 per share. As a result of the transaction, Aman Haley F now holds 307,973 shares, worth roughly $0.28 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 fall -4.62% to $0.90. Over the last five days, the stock has lost -9.08%. Pixelworks Inc shares have fallen nearly -31.29% since the year began. Nevertheless, the stocks have fallen -45.28% over the past one year. While a 52-week high of $3.08 was reached on 03/06/24, a 52-week low of $0.93 was recorded on 06/25/24. SMA at 50 days reached $1.3581, while 200 days put it at $1.6003. A total of 0.61 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For PXLW Stock
The 24-hour chart illustrates a support level at 0.8581, which if violated will result in even more drops to 0.8161. On the upside, there is a resistance level at 0.9562. A further resistance level may holdings at 1.0123. The Relative Strength Index (RSI) on the 14-day chart is 27.00, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0573, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.29%. Stochastics %K at 14.19% indicates the stock is a buying.
