Pixelworks, Inc. (PXLW) fell 47.99% to $7.78, down $7.18, after announcing a definitive agreement to sell its Shanghai subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd., to a special purpose entity led by VeriSilicon Microelectronics (Shanghai) Co., Ltd.
The stock opened at $14.00, reached a high of $14.03, and a low of $7.165, compared with a previous close of $14.96. It trades on the NasdaqGS with volume surging to 3.13 million shares, far above its average daily volume of 165,000.
PXLW has traded between $4.67 and $15.42 over the past 52 weeks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.