Calix Inc’s recently made public that its Officer Russo Carl acquired Company’s shares for reported $0.94 million on Aug 02 ’24. In the deal valued at $37.51 per share,25,000 shares were bought.
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Then, Russo Carl sold 25,000 shares, generating $939,057 in total proceeds. Upon selling the shares at $37.56, the Director now owns 3,723,381 shares.
Before that, Collins John Matthew sold 60,000 shares. Calix Inc shares valued at $1,988,400 were divested by the Chief Commercial Ops Officer at a price of $33.14 per share. As a result of the transaction, Collins John Matthew now holds 0 shares, worth roughly $0.0.
Jefferies downgraded its Calix Inc [CALX] rating to a Hold from a a Buy in a research note published on April 25, 2024; the price target was decreased to $30 from $48. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid May with a ‘”a Neutral”‘ rating. Needham also remained covering CALX and reiterated its “Buy” recommendation on December 22, 2022. Rosenblatt started covering the stock on April 12, 2022. It rated CALX as “a Buy”.
Price Performance Review of CALX
On Tuesday, Calix Inc [NYSE:CALX] saw its stock jump 2.74% to $37.12. Over the last five days, the stock has lost -9.24%. Calix Inc shares have fallen nearly -15.04% since the year began. Nevertheless, the stocks have fallen -14.25% over the past one year. While a 52-week high of $48.53 was reached on 01/23/24, a 52-week low of $26.76 was recorded on 04/23/24. SMA at 50 days reached $35.71, while 200 days put it at $35.91. A total of 0.64 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For CALX Stock
The 24-hour chart illustrates a support level at 36.13, which if violated will result in even more drops to 35.14. On the upside, there is a resistance level at 37.65. A further resistance level may holdings at 38.18. The Relative Strength Index (RSI) on the 14-day chart is 52.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.78%. Stochastics%K at 36.80% indicates the stock is a holding.
