Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MaxLinear Inc shares valued at $234,840 were sold by Tewksbury Ted L III on Mar 01 ’24. At $19.57 per share, Tewksbury Ted L III sold 12,000 shares. The insider’s holdings dropped to 61,556 shares worth approximately $1.26 million following the completion of this transaction.
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As published in a research note from Northland Capital on April 04, 2024, MaxLinear Inc [MXL] has been rated up from a Market perform to an Outperform and the price target has been revised to $30. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of January 03, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for MXL. Earlier on October 26, 2023, ROTH MKM downgraded its rating. Their new recommendation was “a Neutral” for MXL stock which previously was a “a Buy”.
Analyzing MXL Stock Performance
During the last five days, there has been a surge of approximately 8.55%. Over the course of the year, MaxLinear Inc shares have dropped approximately -14.01%. Shares of the company reached a 52-week high of $24.99 on 04/04/24 and a 52-week low of $16.20 on 06/04/24. A 50-day SMA is recorded $19.14, while a 200-day SMA reached $19.90. Nevertheless, trading volume fell to 0.65 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for MaxLinear Inc (MXL)
According to the 24-hour chart, there is a support level at 20.21, which, if violated, would cause prices to drop to 19.98. In the upper region, resistance lies at 20.60. The next price resistance is at 20.75. RSI (Relative Strength Index) is 66.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.80, which suggests the price will increase in the coming days. Percent R is at 10.42%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
