Maxim Integrated Products (MXIM) : The total money flow in Maxim Integrated Products (MXIM) was negative ($1.48 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $3.44 million. In comparison, the inflow of money into the stock on upticks was $1.96 million. The uptick to downtick ratio was 0.57. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.34 million. The negative money flow of ($1.34 million) confirms the selling in Maxim Integrated Products (MXIM) on strength. Maxim Integrated Products (MXIM) gained $0.14 at $41.05, a gain of 0.34% over the previous days close. However, the stock registered 0.79% in the week.
Shares of Maxim Integrated Products, Inc. rose by 1.09% in the last five trading days and 8.5% for the last 4 weeks. Maxim Integrated Products, Inc. is up 13.67% in the last 3-month period. Year-to-Date the stock performance stands at 9.78%.
Maxim Integrated Products (NASDAQ:MXIM): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.78 and $40.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.99, notching a gain of 0.20% for the day. The total traded volume was 1,831,390 . The stock had closed at $40.91 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CFO AND SENIOR VP) of Maxim Integrated Products Inc, Kiddoo Bruce E had sold 5,000 shares worth of $204,650 in a transaction dated August 5, 2016. In this transaction, 5,000 shares were sold at $40.93 per share.
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.