Maxim Integrated Products (MXIM) : Fridays money flow data in Maxim Integrated Products (MXIM) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $8.29 million, whereas, $7.44 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.11, in favor of the bulls. The total money flow into the stock was $0.86 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.64 million. The total value of block trades done on upticks was $0.64 million. Maxim Integrated Products (MXIM) fell $0.08 and traded at $41.12, down -0.19% for the day, over previous days close. On a weekly basis, the shares are 0.1% over the previous weeks close.
The company Insiders own 1.5% of Maxim Integrated Products shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.31% . Institutional Investors own 91% of Maxim Integrated Products shares. During last six month period, the net percent change held by insiders has seen a change of -5.48%.
In a related news, The Securities and Exchange Commission has divulged that Doluca Tunc, director officer (PRESIDENT, CEO & DIRECTOR) of Maxim Integrated Products Inc, had unloaded 22,500 shares at an average price of $40.85 in a transaction dated on September 1, 2016. The total value of the transaction was worth $919,125.
Maxim Integrated Products (NASDAQ:MXIM): stock was range-bound between the intraday low of $41.0383 and the intraday high of $41.455 after having opened at $41.25 on Fridays session. The stock finally closed in the red at $41.25, a loss of -0.19%. The stock remained in the red for the whole trading day. The total traded volume was 1,486,529 shares. The stock failed to cross $41.455 in Fridays trading. The stocks closing price on Thursday was $41.2.
On a relative basis, the stock has outperformed the S&P 500 by 1.09% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.1% in the last 1 week, and is up 0.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Companys products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers. The Company serves markets, including communications and data center, computing and consumer markets. Its communications and data center caters to base stations, data storage, servers, telecommunications and other communications. Its computing caters to desktop computers, notebook computers and peripherals. Its consumer products cater to smartphones, digital cameras, handheld computers, home entertainment and appliances.