|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||14.11 - 14.34|
|52 Week Range||6.30 - 16.06|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||1.65|
|Earnings Date||Feb 17, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.67|
MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced that members of its executive management will participate at the following virtual investor conferences:
A Form 4 filing filed with the SEC on Tuesday, November 3 showed that Brigade Capital Management, Lp sold 75,000 shares of MagnaChip Semiconductor Inc (NYSE:MX)at an average price of $14.20. The transaction moved the executive's stake in MagnaChip Semiconductor Inc. to 1,219,806 shares. MagnaChip Semiconductor was trading 2.3% higher from the previous closing price.The Importance of Insider Transactions While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Important Transaction Codes Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes besides P or S aren't relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option. See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For October 29, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Magnachip (MX) delivered earnings and revenue surprises of 133.33% and 3.15%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?