MaxLinear Inc’s recently made public that its insider LITCHFIELD STEVEN G unloaded Company’s shares for reported $0.65 million on Dec 13 ’24. In the deal valued at $20.35 per share,32,000 shares were sold. As a result of this transaction, LITCHFIELD STEVEN G now holds 365,868 shares worth roughly $6.98 million.
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
Then, LITCHFIELD STEVEN G bought 32,000 shares, generating $651,206 in total proceeds.
Before that, MOYER ALBERT J sold 9,170 shares. MaxLinear Inc shares valued at $174,230 were divested by the Director at a price of $19.00 per share. As a result of the transaction, MOYER ALBERT J now holds 60,652 shares, worth roughly $1.16 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 Friday, MaxLinear Inc [NASDAQ:MXL] saw its stock fall -0.63% to $19.07. Over the last five days, the stock has lost -7.79%. MaxLinear Inc shares have fallen nearly -19.77% since the year began. Nevertheless, the stocks have fallen -13.87% 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 $15.97, while 200 days put it at $17.19.
Levels Of Support And Resistance For MXL Stock
The 24-hour chart illustrates a support level at 18.64, which if violated will result in even more drops to 18.22. On the upside, there is a resistance level at 19.66. A further resistance level may holdings at 20.26. The Relative Strength Index (RSI) on the 14-day chart is 58.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.40%. Stochastics %K at 60.50% 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 2024-11-29, growing by 0.63 million shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.54 million shares. There was a rise of 15.04%, which implies that there is a positive sentiment for the stock.
