SolarMax Technology, Inc. (NASDAQ:SMXT – Get Free Report)’s stock price was down 8.5% on Monday . The company traded as low as $1.15 and last traded at $1.19. Approximately 311,180 shares were traded during trading, an increase of 19% from the average daily volume of 262,380 shares. The stock had previously closed at $1.30.
SolarMax Technology Stock Down 8.5 %
The firm’s 50 day moving average is $1.45 and its 200 day moving average is $1.28.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in SolarMax Technology by 703.0% during the fourth quarter. Wells Fargo & Company MN now owns 16,141 shares of the company’s stock valued at $26,000 after buying an additional 14,131 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of SolarMax Technology by 430.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,866 shares of the company’s stock worth $26,000 after acquiring an additional 12,873 shares in the last quarter. Jane Street Group LLC purchased a new position in SolarMax Technology during the 3rd quarter valued at about $27,000. XTX Topco Ltd bought a new stake in SolarMax Technology during the fourth quarter worth about $36,000. Finally, Bank of America Corp DE boosted its stake in SolarMax Technology by 451.5% during the fourth quarter. Bank of America Corp DE now owns 22,695 shares of the company’s stock worth $37,000 after acquiring an additional 18,580 shares in the last quarter.
About SolarMax Technology
SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.
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