Calix Inc’s recently made public that its Officer Russo Carl acquired Company’s shares for reported $0.88 million on Nov 04 ’24. In the deal valued at $35.37 per share,25,000 shares were bought.
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Then, Russo Carl sold 25,000 shares, generating $939,057 in total proceeds. Upon selling the shares at $37.56, the Director now owns 3,723,381 shares.
Before that, Russo Carl bought 25,000 shares. Calix Inc shares valued at $937,774 were divested by the Officer at a price of $37.51 per share.
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 jump 2.48% to $36.01. Over the last five days, the stock has lost -4.58%. Calix Inc shares have fallen nearly -17.58% since the year began. Nevertheless, the stocks have risen 1.18% over the past one year. While a 52-week high of $45.15 was reached on 01/23/24, a 52-week low of $26.76 was recorded on 04/23/24. SMA at 50 days reached $37.35, while 200 days put it at $35.11.
Levels Of Support And Resistance For CALX Stock
The 24-hour chart illustrates a support level at 34.97, which if violated will result in even more drops to 33.93. On the upside, there is a resistance level at 36.70. A further resistance level may holdings at 37.39. The Relative Strength Index (RSI) on the 14-day chart is 43.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.99%. Stochastics %K at 12.46% indicates the stock is a buying.
How much short interest is there in Calix Inc?
A steep rise in short interest was recorded in Calix Inc stocks on 2024-10-15, dropping by -0.32 million shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.71 million shares. There was a decline of -13.48%, which implies that there is a negative sentiment for the stock.
