MaxLinear Inc’s recent filing unveils that its Chairman, President and CEO SEENDRIPU KISHORE acquired Company’s shares for reported $1.4 million on Jul 30 ’24. In the deal valued at $12.94 per share,108,303 shares were bought. As a result of this transaction, SEENDRIPU KISHORE now holds 531,937 shares worth roughly $7.9 million.
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Then, Tewksbury Ted L III sold 12,000 shares, generating $234,840 in total proceeds. Upon selling the shares at $19.57, the Director now owns 61,556 shares.
Susquehanna downgraded its MaxLinear Inc [MXL] rating to a Neutral from a a Positive in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. Craig Hallum also remained covering MXL and has increased its forecast on July 17, 2024 with a “Buy” recommendation from previously “Hold” rating. Northland Capital revised its rating on April 04, 2024. It rated MXL as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of MXL
On Friday, MaxLinear Inc [NASDAQ:MXL] saw its stock fall -1.59% to $14.85. Over the last five days, the stock has gained 4.95%. MaxLinear Inc shares have fallen nearly -37.53% since the year began. Nevertheless, the stocks have fallen -19.29% over the past one year. While a 52-week high of $26.59 was reached on 07/17/24, a 52-week low of $11.08 was recorded on 08/07/24. SMA at 50 days reached $13.82, while 200 days put it at $17.92.
Levels Of Support And Resistance For MXL Stock
The 24-hour chart illustrates a support level at 14.42, which if violated will result in even more drops to 13.99. On the upside, there is a resistance level at 15.38. A further resistance level may holdings at 15.90. The Relative Strength Index (RSI) on the 14-day chart is 57.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.39%. Stochastics %K at 63.67% indicates the stock is a holding.
How much short interest is there in MaxLinear Inc?
A steep rise in short interest was recorded in MaxLinear Inc stocks on 2024-10-15, growing by 0.14 million shares to a total of 3.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.4 million shares. There was a rise of 3.82%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 01, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $25.
