Maxim Integrated Products (MXIM) : The total money flow in Maxim Integrated Products (MXIM) was negative ($0.69 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $2.28 million. Transactions on upticks were comparatively lower at $1.59 million. The uptick to downtick ratio was 0.7. The total block trades on downticks were valued at $1 million. The money flow during block trades was negative ($1 million) when the stock traded with a gain of $30 cent. Maxim Integrated Products (MXIM) was $38.11, an increase of 0.79% over the previous days close.
Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Maxim Integrated Products (NASDAQ:MXIM). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 27, 2016.
Maxim Integrated Products (NASDAQ:MXIM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.50 and $37.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.24, notching a gain of 1.14% for the day. The total traded volume was 1,821,627 . The stock had closed at $37.81 on the previous day.
The stock has recorded a 20-day Moving Average of 4.72% and the 50-Day Moving Average is 3.96%. 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 2,508 shares at an average price of $36.5 in a transaction dated on July 7, 2016. The total value of the transaction was worth $91,542.
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.