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Why MaxLinear's Stock is Trading Higher Today

February 24, 2021 9:54 am
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The Price And Volume Action In MaxLinear's Stock Today

MaxLinear's (NYSE:MXL) stock is trading up 5.37% to a price of $41.74. Wednesday the stock has been traded at a volume of 131.71 thousand, about 16.0% of its recent 30-day volume average of 823.35 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: MaxLinear shares are trading higher after the company reported a $100 million buyback.

Perspective On Recent Price Action

The stock's 50-day moving average was $35.18 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $42.52 and fallen to a low of $7.79.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

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