MXL stock falls to $64.86 after a two-day decline totaling nearly 31% following disappointing earnings results.
MaxLinear (MXL) shares declined 9% on Monday, deepening a post-earnings selloff that began Friday. The stock closed at $64.86, down $6.73, after a nearly 22% drop in the prior session.
The two-day retreat erased roughly 31% of the stock’s value, reflecting investor disappointment with recent earnings. No immediate catalyst for the continued decline was specified, though the move extends a broader negative trend.
Markets have reacted sharply to the company’s financial performance, with the stock now trading at multi-month lows.