MXL is trading at 4% down now at $107.88 after a rapid multi-day surge driven by aggressive analyst price target hikes tied to its AI infrastructure growth story. With no fresh company-specific headlines this morning, today’s move appears to be a continuation of profit-taking and consolidation following the recent jump from the mid-$80s to above $120 in just a few sessions.
🔴 MXL is trading 4% down today after sharp post-rally pullback
MaxLinear Inc
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