Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MaxLinear Inc shares valued at $89,110 were purchased by Tewksbury Ted L III on Nov 21 ’24. At $15.36 per share, Tewksbury Ted L III acquired 5,800 shares.
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Also, Torgerson William sold 6,100 shares, netting a total of over 93,941 in proceeds. Following the sale of shares at $15.40 each, the insider now holds 179,262 shares.
Before that, Torgerson William had added 6,100 shares to its account. In a trade valued at $93,941, the Officer bought MaxLinear Inc shares for $15.40 each.
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 5.92%. Over the course of the year, MaxLinear Inc shares have dropped approximately -33.78%. 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 $14.37, while a 200-day SMA reached $17.33. Nevertheless, trading volume fell to 1.02 million shares from 0.46 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 14.91, which, if violated, would cause prices to drop to 14.09. In the upper region, resistance lies at 16.38. The next price resistance is at 17.03. RSI (Relative Strength Index) is 58.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 16.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
