Uncovering Institutional Buying In Maxeon Solar Technologies Ltd. (NASDAQ: MAXN)

DE Stock
DE Stock

With over 1.07 million Maxeon Solar Technologies Ltd. (MAXN) shares trading Tuesday and a closing price of $21.81 on the day, the dollar volume was approximately $23.43 million. The shares price on 09/01/20 gained nearly 4.96%. Currently, there are 20.15M common shares owned by the public.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for MAXN have a consensus price objective of $18.00. The analysts have set the share’s price value over the next 12 months at a high of $18.00 and a low of $18.00 should the stock experience a downside. But an upside of -21.17% will see the stock hit the forecast high price target while mean target price for the stock is $18.00.

The top 3 mutual fund holders in Maxeon Solar Technologies Ltd. are Nationwide Small Cap Index Fund, Nationwide VIT – Small Cap Index, and ProShares UltraPro Russell2000. Nationwide Small Cap Index Fund owns 1141.0 shares of the company’s stock, all valued at over $0.0. The company bought an additional 1141.0 shares recently to bring their total holdings to about 0.00% of the shares outstanding. ProShares UltraPro Russell2000 bought 801.0 shares to bring its total holdings to over 801.0 shares at a value of $0.0. ProShares UltraPro Russell2000 now owns shares totaling to 0.00% of the shares outstanding.

Shares of Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) opened at $21.00, up $0.22 from a prior closing price of $20.78. However, the script later closed the day at $21.81, up 4.96%. It has a 12-month low price of $14.82 and touched a high of $37.62 over the same period. Currently, 1.07 million shares have been traded, compared to an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.48%, -10.48%, and -10.48% respectively.

Institutional ownership of Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) 20.15M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for 0.00% and — respectively.

It has a market capitalization of $439.47M.

Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”


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