The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pixelworks Inc shares valued at $4,075 were sold by Aman Haley F on Aug 20 ’24. At $0.77 per share, Aman Haley F sold 5,269 shares. The insider’s holdings dropped to 397,261 shares worth approximately $0.32 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DEBONIS TODD sold 24,039 shares, netting a total of over 18,592 in proceeds. Following the sale of shares at $0.77 each, the insider now holds 1,741,184 shares.
Before that, Aman Haley F had sold 5,443 shares from its account. In a trade valued at $6,237, the Chief Financial Officer traded Pixelworks Inc shares for $1.15 each. Upon closing the transaction, the insider’s holdings decreased to 5,443 shares, worth approximately $0.32 million.
As published in a research note from Needham on February 09, 2024, Pixelworks Inc [PXLW] has been retained to a Buy and the price target has been revised to $3.50. Analysts at Colliers Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of October 11, 2021, Needham has initiated its “Buy” rating for PXLW. Earlier on August 26, 2021, Colliers Securities downgraded its rating. Their new recommendation was “a Neutral” for PXLW stock which previously was a “a Buy”.
Analyzing PXLW Stock Performance
During the last five days, there has been a surge of approximately 16.98%. Over the course of the year, Pixelworks Inc shares have dropped approximately -38.93%. Shares of the company reached a 52-week high of $3.0799 on 03/06/24 and a 52-week low of $0.6100 on 09/12/24. A 50-day SMA is recorded $0.7224, while a 200-day SMA reached $1.3859. Nevertheless, trading volume fell to 0.92 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Pixelworks Inc (PXLW)
According to the 24-hour chart, there is a support level at 0.6977, which, if violated, would cause prices to drop to 0.5955. In the upper region, resistance lies at 0.8661. The next price resistance is at 0.9323. RSI (Relative Strength Index) is 58.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0135, which suggests the price will decrease in the coming days. Percent R is at 17.14%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
