MaxLinear Inc. (MXL) Moves Higher on Volume Spike for January 28

MaxLinear Inc. (MXL) Moves Higher on Volume Spike for January 28

MaxLinear Inc. (MXL) traded on unusually high volume on Jan. 28, as the stock gained 0.96% to close at $18.88. On the day, MaxLinear Inc. saw 923,944 shares trade hands on 5,592 trades. Considering that the stock averages only a daily volume of 507,022 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $27.24 and $14.87 over the last 52-weeks, its 50-day SMA is now $18.45, and its 200-day SMA $18.77. MaxLinear Inc. has a P/B ratio of 3.32.

MaxLinear Inc is a provider of radio frequency and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, and for data center, metro, and long-haul fiber networks. The company’s radio frequency receiver products capture and process digital and analog broadband signals to be decoded for various applications. MaxLinear’s product options include both radio frequency receivers and radio frequency receiver systems-on-chips. The company’s products enable the distribution and display of broadband video and data content in a wide range of electronic devices. Customers for MaxLinear include original equipment manufacturers, module makers, and original design manufacturers.

Headquartered in Carlsbad, CA, MaxLinear Inc. has 753 employees and is currently under the leadership of CEO Kishore Seendripu.

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