SolarMax Technology (NASDAQ:SMXT) Shares Down 8.5% – Should You Sell?

Shares of SolarMax Technology, Inc. (NASDAQ:SMXT) traded down 8.5% on Monday . The stock traded as low as $1.15 and last traded at $1.19. 311,180 shares traded hands during trading, an increase of 19% from the average session volume of 262,380 shares. The stock had previously closed at $1.30.

SolarMax Technology Stock Down 4.2 %

The firm has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.27.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in SolarMax Technology by 242.1% during the fourth quarter. Geode Capital Management LLC now owns 417,437 shares of the company’s stock worth $676,000 after purchasing an additional 295,415 shares in the last quarter. Northern Trust Corp boosted its stake in SolarMax Technology by 505.8% during the 4th quarter. Northern Trust Corp now owns 198,191 shares of the company’s stock worth $321,000 after purchasing an additional 165,476 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in SolarMax Technology by 4,844.9% in the 4th quarter. JPMorgan Chase & Co. now owns 109,232 shares of the company’s stock valued at $177,000 after acquiring an additional 107,023 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SolarMax Technology by 541.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company’s stock worth $117,000 after buying an additional 60,928 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of SolarMax Technology by 535.6% in the 4th quarter. Barclays PLC now owns 46,290 shares of the company’s stock worth $75,000 after acquiring an additional 39,007 shares during the last quarter.

SolarMax Technology Company Profile

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.