Calix Inc’s filing revealed that its Director Russo Carl unloaded Company’s shares for reported $0.94 million on Aug 02 ’24. In the deal valued at $37.56 per share,25,000 shares were sold. As a result of this transaction, Russo Carl now holds 3,723,381 shares worth roughly $137.09 million.
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Then, Russo Carl bought 25,000 shares, generating $937,774 in total proceeds.
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 fall -2.33% to $36.82. Over the last five days, the stock has lost -2.26%. Calix Inc shares have fallen nearly -15.72% since the year began. Nevertheless, the stocks have fallen -12.54% 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 $36.31, while 200 days put it at $36.00.
Levels Of Support And Resistance For CALX Stock
The 24-hour chart illustrates a support level at 36.48, which if violated will result in even more drops to 36.14. On the upside, there is a resistance level at 37.36. A further resistance level may holdings at 37.90. The Relative Strength Index (RSI) on the 14-day chart is 49.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.16%. Stochastics%K at 61.78% indicates the stock is a holding.
How much short interest is there in Calix Inc?
A steep rise in short interest was recorded in Calix Inc stocks on 2024-07-31, growing by 0.4 million shares to a total of 3.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.72 million shares. There was a rise of 12.71%, which implies that there is a positive sentiment for the stock.
