MaxLinear Inc’s filing revealed that its Director Tewksbury Ted L III unloaded Company’s shares for reported $89110.0 on Nov 21 ’24. In the deal valued at $15.36 per share,5,800 shares were sold. As a result of this transaction, Tewksbury Ted L III now holds 69,717 shares worth roughly $1.13 million.
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Then, Tewksbury Ted L III bought 5,800 shares, generating $89,110 in total proceeds.
Before that, Torgerson William sold 6,100 shares. MaxLinear Inc shares valued at $93,941 were divested by the VP/GM, Broadband Group at a price of $15.40 per share. As a result of the transaction, Torgerson William now holds 179,262 shares, worth roughly $2.9 million.
Wells Fargo initiated its MaxLinear Inc [MXL] rating to an Equal weight in a research note published on November 22, 2024; the price target was $14. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in early October from “a Positive” to “a Neutral”. Needham also remained covering MXL and has decreased its forecast on July 25, 2024 with a “Hold” recommendation from previously “Buy” rating. Craig Hallum revised its rating on July 17, 2024. It rated MXL as “a Buy” which previously was an “a Hold”.
Price Performance Review of MXL
On Monday, MaxLinear Inc [NASDAQ:MXL] saw its stock jump 6.87% to $16.17. Over the last five days, the stock has gained 4.05%. MaxLinear Inc shares have fallen nearly -31.97% since the year began. Nevertheless, the stocks have fallen -13.67% 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 $14.51, while 200 days put it at $17.21.
Levels Of Support And Resistance For MXL Stock
The 24-hour chart illustrates a support level at 15.45, which if violated will result in even more drops to 14.74. On the upside, there is a resistance level at 16.53. A further resistance level may holdings at 16.90. The Relative Strength Index (RSI) on the 14-day chart is 59.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.13%. Stochastics %K at 59.23% 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 2024-11-15, growing by 0.55 million shares to a total of 4.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.54 million shares. There was a rise of 13.45%, which implies that there is a positive sentiment for the stock.
