SolarMax Technology (NASDAQ:SMXT) Stock Price Down 0.8% - Here's Why

Shares of SolarMax Technology, Inc. (NASDAQ:SMXT - Get Free Report) traded down 0.8% on Wednesday . The company traded as low as $1.25 and last traded at $1.31. 137,768 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 247,402 shares. The stock had previously closed at $1.32.

SolarMax Technology Stock Down 2.5 %

The stock has a fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.43.

Institutional Trading of SolarMax Technology

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of SolarMax Technology by 242.1% in the fourth quarter. Geode Capital Management LLC now owns 417,437 shares of the company's stock worth $676,000 after acquiring an additional 295,415 shares during the last quarter. Northern Trust Corp boosted its position in SolarMax Technology by 505.8% in the fourth quarter. Northern Trust Corp now owns 198,191 shares of the company's stock valued at $321,000 after buying an additional 165,476 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $177,000 after buying an additional 107,023 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in SolarMax Technology by 541.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company's stock valued at $117,000 after buying an additional 60,928 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of SolarMax Technology during the 3rd quarter valued at $27,000.

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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.