Pixelworks, Inc. (NASDAQ:PXLW) Jumps Just Before the Earnings Release

[[tagnumber 0]]Pixelworks, Inc. (NASDAQ:PXLW) stock jumped to a 2–week high yesterday just a day before the company announced its third quarter results. The conference call is scheduled for this afternoon, after the closing bell of today‘s session. PXLW should report a stronger cash position, yet traders can also expect a huge breakdown if there is no increase in sales and the losses keep growing.[[tagnumber 1]] [[tagnumber 2]][[tagnumber 3]][[tagnumber 1]] [[tagnumber 2]]PXLW closed the last trading session at $3.67 for a share which represents an 8.90% gain from the previous close. The trading volume was relatively high as well and it was sufficient to make the chart look bullish for today. Major technical indicators crossed critical levels, thus the stock could stay volatile in expectation of the new financial report.[[tagnumber 1]] [[tagnumber 2]]PXLW filings with SEC show that a single individual has recently acquired nearly 10% of the company‘s common stock, whereby the statement also indicates that the reporting person firstly acquired [[tagnumber 8]]5% of the company at the end of this May. Interestingly, the given date is just a day before PXLW stock price surged to over $7 per share in just a few sessions but the form is filed with the Commission just now, shortly before the quarter report comes out.[[tagnumber 1]] [[tagnumber 2]]Another document by PXLW shows also that the company has raised $14.4 million in the beginning of August through the sale of new shares of its common stock. The number of issued shares was 3,250,000 and the share price at which they were sold was $4.75. Investor interest towards that offering was not that huge anyway – the underwriter had the option to buy another 487,500 shares to cover any over–allotments. That option has expired in September and, as it seems, no use was made of it.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]]