SolarMax Technology (NASDAQ:SMXT) Trading Down 8.5% – Here’s What Happened

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

SolarMax Technology Trading Down 4.2 %

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

Institutional Trading of SolarMax Technology

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in SolarMax Technology by 242.1% during the 4th quarter. Geode Capital Management LLC now owns 417,437 shares of the company’s stock valued at $676,000 after acquiring an additional 295,415 shares during the period. Northern Trust Corp boosted its stake in shares of 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 acquiring an additional 165,476 shares during the last quarter. JPMorgan Chase & Co. increased its position in SolarMax Technology by 4,844.9% in the fourth quarter. JPMorgan Chase & Co. now owns 109,232 shares of the company’s stock worth $177,000 after buying an additional 107,023 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SolarMax Technology by 541.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company’s stock worth $117,000 after acquiring an additional 60,928 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of SolarMax Technology during the 3rd quarter valued at $27,000.

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.