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 $63,154 were sold by Tewksbury Ted L III on May 02 ’25. At $10.40 per share, Tewksbury Ted L III sold 6,071 shares. The insider’s holdings dropped to 74,995 shares worth approximately $0.84 million following the completion of this transaction.
Also, THEODORE TEWKSBURY purchased 6,071 shares, netting a total of over 63,154 in proceeds.
Before that, LITCHFIELD STEVEN G had sold 32,000 shares from its account. In a trade valued at $651,206, the insider traded MaxLinear Inc shares for $20.35 each. Upon closing the transaction, the insider’s holdings decreased to 32,000 shares, worth approximately $4.11 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 surge of approximately 11.09%. Over the course of the year, MaxLinear Inc shares have dropped approximately -43.28%. Shares of the company reached a 52-week high of $25.73 on 01/22/25 and a 52-week low of $8.35 on 04/07/25. A 50-day SMA is recorded $11.45, while a 200-day SMA reached $14.90.
Support And Resistance Levels for MaxLinear Inc (MXL)
According to the 24-hour chart, there is a support level at 10.95, which, if violated, would cause prices to drop to 10.68. In the upper region, resistance lies at 11.43. The next price resistance is at 11.64. RSI (Relative Strength Index) is 53.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 18.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
