The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MaxLinear Inc shares valued at $1,401,592 were purchased by SEENDRIPU KISHORE on Jul 30 ’24. At $12.94 per share, SEENDRIPU KISHORE acquired 108,303 shares. The insider’s holdings grew to 531,937 shares worth approximately $7.15 million following the completion of this transaction.
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Also, Tewksbury Ted L III sold 12,000 shares, netting a total of over 234,840 in proceeds. Following the sale of shares at $19.57 each, the insider now holds 61,556 shares.
As published in a research note from Susquehanna on October 01, 2024, MaxLinear Inc [MXL] has been rated down from a Positive to a Neutral and the price target has been revised to $15. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 17, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for MXL. Earlier on April 04, 2024, Northland Capital upgraded its rating. Their new recommendation was “an Outperform” for MXL stock which previously was a “a Market perform”.
Analyzing MXL Stock Performance
During the last five days, there has been a drop of approximately -9.56%. Over the course of the year, MaxLinear Inc shares have dropped approximately -43.46%. Shares of the company reached a 52-week high of $26.59 on 07/17/24 and a 52-week low of $11.08 on 08/07/24. A 50-day SMA is recorded $13.44, while a 200-day SMA reached $18.66. Nevertheless, trading volume fell to 2.31 million shares from 1.91 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 12.69, which, if violated, would cause prices to drop to 11.95. In the upper region, resistance lies at 13.85. The next price resistance is at 14.27. RSI (Relative Strength Index) is 45.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 67.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
