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. MaxLinear Inc shares valued at $89,110 were sold by Tewksbury Ted L III on Nov 21 ’24. At $15.36 per share, Tewksbury Ted L III sold 5,800 shares. The insider’s holdings dropped to 69,717 shares worth approximately $1.01 million following the completion of this transaction.
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Also, Tewksbury Ted L III purchased 5,800 shares, netting a total of over 89,110 in proceeds.
Before that, Torgerson William had sold 6,100 shares from its account. In a trade valued at $93,941, the VP/GM, Broadband Group traded MaxLinear Inc shares for $15.40 each. Upon closing the transaction, the insider’s holdings decreased to 6,100 shares, worth approximately $2.61 million.
As published in their initiating research note from Wells Fargo on November 22, 2024, MaxLinear Inc [MXL] has been an Equal weight and the price target has been revised to $14. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of July 25, 2024, Needham has decreased its “Buy” rating to a “Hold” for MXL. Earlier on July 17, 2024, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for MXL stock which previously was a “a Hold”.
Analyzing MXL Stock Performance
During the last five days, there has been a drop of approximately -0.95%. Over the course of the year, MaxLinear Inc shares have dropped approximately -38.79%. 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 $14.45, while a 200-day SMA reached $17.25. Nevertheless, trading volume fell to 0.82 million shares from 1.15 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 14.20, which, if violated, would cause prices to drop to 13.85. In the upper region, resistance lies at 15.00. The next price resistance is at 15.44. RSI (Relative Strength Index) is 48.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 71.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
