MaxLinear Inc’s recent filing unveils that its Officer Torgerson William acquired Company’s shares for reported $93941.0 on Nov 08 ’24. In the deal valued at $15.40 per share,6,100 shares were bought.
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Then, SEENDRIPU KISHORE bought 108,303 shares, generating $1,401,592 in total proceeds. Upon buying the shares at $12.94, the Chairman, President and CEO now owns 531,937 shares.
Before that, Tewksbury Ted L III sold 12,000 shares. MaxLinear Inc shares valued at $234,840 were divested by the Director at a price of $19.57 per share. As a result of the transaction, Tewksbury Ted L III now holds 61,556 shares, worth roughly $0.99 million.
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 jump 8.45% to $16.04. Over the last five days, the stock has gained 19.08%. MaxLinear Inc shares have fallen nearly -32.52% since the year began. Nevertheless, the stocks have fallen -5.09% 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 $14.19, while 200 days put it at $17.53.
Levels Of Support And Resistance For MXL Stock
The 24-hour chart illustrates a support level at 15.03, which if violated will result in even more drops to 14.02. On the upside, there is a resistance level at 16.66. A further resistance level may holdings at 17.28. The Relative Strength Index (RSI) on the 14-day chart is 62.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.91%. Stochastics %K at 55.10% 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.
