Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MaxLinear Inc shares valued at $93,941 were sold by Torgerson William on Nov 08 ’24. At $15.40 per share, Torgerson William sold 6,100 shares. The insider’s holdings dropped to 179,262 shares worth approximately $2.67 million following the completion of this transaction.
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Also, Torgerson William purchased 6,100 shares, netting a total of over 93,941 in proceeds.
Before that, SEENDRIPU KISHORE had added 108,303 shares to its account. In a trade valued at $1,401,592, the Chairman, President and CEO bought MaxLinear Inc shares for $12.94 each. Upon closing the transaction, the insider’s holdings increased to 108,303 shares, worth approximately $7.92 million.
As published in a research note from Susquehanna on October 01, 2024, MaxLinear Inc [MXL] has been rated down from a Positive to a Neutral and the price target has been revised to $15. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 17, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for MXL. Earlier on April 04, 2024, Northland Capital upgraded its rating. Their new recommendation was “an Outperform” for MXL stock which previously was a “a Market perform”.
Analyzing MXL Stock Performance
During the last five days, there has been a surge of approximately 0.88%. Over the course of the year, MaxLinear Inc shares have dropped approximately -37.40%. Shares of the company reached a 52-week high of $26.59 on 07/17/24 and a 52-week low of $11.08 on 08/07/24. A 50-day SMA is recorded $14.25, while a 200-day SMA reached $17.43. Nevertheless, trading volume fell to 0.82 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for MaxLinear Inc (MXL)
According to the 24-hour chart, there is a support level at 14.50, which, if violated, would cause prices to drop to 14.11. In the upper region, resistance lies at 15.56. The next price resistance is at 16.24. RSI (Relative Strength Index) is 52.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 40.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
