MaxLinear (MXL) Jumps 16.86% on January 06

Equities Staff |

MaxLinear (MXL) was among the biggest gainers on the Russell 2000 for Wednesday January 06 as the stock popped 16.86% to $15.77, representing a gain of $2.275 per share. Some 2.2 million shares traded hands on 11,457 trades, compared with an average daily volume of 868,394 shares out of a total float of 61.58 million. The stock opened at $14.16 and traded with an intraday range of $15.89 to $14.16.

After today's gains, MaxLinear reached a market cap of $970.84 million. MaxLinear has had a trading range between $17.75 and $7.24 over the last year, and it had a 50-day SMA of $15.71 and a 200-day SMA of $11.93.

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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