MaxLinear (MXL) Drops 8.62% on February 02

Equities Staff |

MaxLinear (MXL) was one of the Russell 2000's biggest losers for Tuesday February 02 as the stock slid 8.62% to $14.16, a loss of $-1.335 per share. Starting at an opening price of $15.35 a share, the stock traded between $14.10 and $15.42 over the course of the trading day. Volume was 709,783 shares over 4,104 trades, against an average daily volume of 908,303 shares and a total float of 61.58 million.

The losses send MaxLinear down to a market cap of $871.7 million. In the last year, MaxLinear has traded between $17.75 and $7.72, and its 50-day SMA is currently $15.70 and 200-day SMA is $12.54.

MaxLinear Inc is a fabless semiconductor company. It is engaged in providing integrated, radio-frequency and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications.

MaxLinear is based out of Carlsbad, CA and has some 378 employees. Its CEO is Kishore Seendripu.

For a complete fundamental analysis analysis of MaxLinear, check out Equities.com’s Stock Valuation Analysis report for MXL. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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