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. Calix Inc shares valued at $885,500 were sold by Russo Carl on Nov 04 ’24. At $35.42 per share, Russo Carl sold 25,000 shares. The insider’s holdings dropped to 2,189,188 shares worth approximately $84.94 million following the completion of this transaction.
Also, Russo Carl purchased 25,000 shares, netting a total of over 884,139 in proceeds.
Before that, Russo Carl had sold 25,000 shares from its account. In a trade valued at $939,057, the Director traded Calix Inc shares for $37.56 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $144.47 million.
As published in a research note from Jefferies on April 25, 2024, Calix Inc [CALX] has been rated down from a Buy to a Hold and the price target has been revised to $30 from $48. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid May. As of December 22, 2022, Needham has reiterated its “Buy” rating for CALX. Earlier on April 12, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for CALX stock.
Analyzing CALX Stock Performance
During the last five days, there has been a surge of approximately 5.09%. Over the course of the year, Calix Inc shares have jumped approximately 11.27%. Shares of the company reached a 52-week high of $40.00 on 01/22/25 and a 52-week low of $33.74 on 01/02/25. A 50-day SMA is recorded $34.42, while a 200-day SMA reached $34.93. Nevertheless, trading volume fell to 0.6 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Calix Inc (CALX)
According to the 24-hour chart, there is a support level at 37.79, which, if violated, would cause prices to drop to 36.79. In the upper region, resistance lies at 39.90. The next price resistance is at 41.01. RSI (Relative Strength Index) is 65.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.40, which suggests the price will increase in the coming days. Percent R is at 19.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
