Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Calix Inc shares valued at $939,057 were sold by Russo Carl on Aug 02 ’24. At $37.56 per share, Russo Carl sold 25,000 shares. The insider’s holdings dropped to 3,723,381 shares worth approximately $134.97 million following the completion of this transaction.
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Also, Russo Carl purchased 25,000 shares, netting a total of over 937,774 in proceeds.
As published in a research note from Jefferies on April 25, 2024, Calix Inc [CALX] has been rated down from a Buy to a Hold and the price target has been revised to $30 from $48. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid May. As of December 22, 2022, Needham has reiterated its “Buy” rating for CALX. Earlier on April 12, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for CALX stock.
Analyzing CALX Stock Performance
During the last five days, there has been a drop of approximately -2.16%. Over the course of the year, Calix Inc shares have dropped approximately -17.03%. Shares of the company reached a 52-week high of $45.15 on 01/23/24 and a 52-week low of $26.76 on 04/23/24. A 50-day SMA is recorded $37.49, while a 200-day SMA reached $35.27. Nevertheless, trading volume fell to 0.68 million shares from 1.12 million shares the previous day.
Support And Resistance Levels for Calix Inc (CALX)
According to the 24-hour chart, there is a support level at 35.56, which, if violated, would cause prices to drop to 34.87. In the upper region, resistance lies at 37.51. The next price resistance is at 38.76. RSI (Relative Strength Index) is 41.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 97.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
