MaxLinear Inc (MXL) : Traders are bullish on MaxLinear Inc (MXL) as it has outperformed the S&P 500 by a wide margin of 18.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.43%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.36% in the last 1 week, and is up 22.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.69% and the 50-Day Moving Average is 9.66%. MaxLinear, Inc. is up 30.21% in the last 3-month period. Year-to-Date the stock performance stands at 48.07%.
MaxLinear Inc (NYSE:MXL): On Fridays trading session , Opening price of the stock was $22.09 with an intraday high of $22.125. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.61. However, the stock managed to close at $21.81, a loss of 1.18% for the day. On the previous day, the stock had closed at $22.07. The total traded volume of the day was 1,349,537 shares.
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.