MaxLinear Inc (NYSE:MXL) has been under a strong bear grip, hence the stock is down -4.67% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 7.92% in the past 1 week. The stock has risen by 9.3% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.13% in the past 4 weeks.
The company shares have rallied 61.42% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $20.98 and the one year low was seen on Aug 11, 2015. The 50-Day Moving Average price is $19.40 and the 200 Day Moving Average price is recorded at $17.18.
The stock has recorded a 20-day Moving Average of 3.89% and the 50-Day Moving Average is 3.69%.
MaxLinear Inc (NYSE:MXL): stock turned positive on Friday. Though the stock opened at $18.2, the bulls momentum made the stock top out at $19.52 level for the day. The stock recorded a low of $18 and closed the trading day at $19.5, in the green by 9.43%. The total traded volume for the day was 1,785,043. The stock had closed at $17.82 in the previous days trading.
In an insider trading activity, The officer (VP, Product Line Marketing), of Maxlinear Inc, Walsh Brendan had unloaded 12,500 shares at $20.24 per share in a transaction on June 10, 2016. The total value of transaction was $253,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
MaxLinear, Inc. is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits. The Companys products receive and process RF and digital signals and enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro, and long-haul transport network applications.