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Exar Corp (EXAR) Shows Strength: Stock Adds 22.3% in Session

Exar CorporationEXAR was a big mover last session, as its shares rose a little over 22% on the day. The move came after the designer and developer of high-performance analog mixed-signal integrated circuits announced it has agreed to be acquired by MaxLinear Inc. MXL for $13 per share in cash. This led to far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $10.22 to $10.92 in the past one month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Exar currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Exar Corporation Price

Exar Corporation Price | Exar Corporation Quote

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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