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Needham reiterates Pixelworks Inc (PXLW) stock to a Buy

Pixelworks Inc’s filing revealed that its Chief Financial Officer Aman Haley F unloaded Company’s shares for reported $4075.0 on Aug 20 ’24. In the deal valued at $0.77 per share,5,269 shares were sold. As a result of this transaction, Aman Haley F now holds 397,261 shares worth roughly $0.32 million.

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Then, DEBONIS TODD sold 24,039 shares, generating $18,592 in total proceeds. Upon selling the shares at $0.77, the President and CEO now owns 1,741,184 shares.

Before that, Aman Haley F sold 5,443 shares. Pixelworks Inc shares valued at $6,237 were divested by the Chief Financial Officer at a price of $1.15 per share. As a result of the transaction, Aman Haley F now holds 402,530 shares, worth roughly $0.33 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 Friday, Pixelworks Inc [NASDAQ:PXLW] saw its stock jump 14.47% to $0.81. Over the last five days, the stock has gained 17.75%. Pixelworks Inc shares have fallen nearly -38.41% since the year began. Nevertheless, the stocks have fallen -34.94% over the past one year. While a 52-week high of $3.08 was reached on 03/06/24, a 52-week low of $0.61 was recorded on 09/12/24. SMA at 50 days reached $0.7238, while 200 days put it at $1.4557.

Levels Of Support And Resistance For PXLW Stock

The 24-hour chart illustrates a support level at 0.7301, which if violated will result in even more drops to 0.6533. On the upside, there is a resistance level at 0.8568. A further resistance level may holdings at 0.9067. The Relative Strength Index (RSI) on the 14-day chart is 65.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0372, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.26%. Stochastics %K at 70.45% indicates the stock is a holding.

How much short interest is there in Pixelworks Inc?

A steep rise in short interest was recorded in Pixelworks Inc stocks on 2024-09-30, growing by 41048.0 shares to a total of 0.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.26 million shares. There was a rise of 13.74%, which implies that there is a positive sentiment for the stock.

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