The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. QuantumScape Corp shares valued at $211,383 were sold by Hettrich Kevin on Mar 11 ’24. At $6.11 per share, Hettrich Kevin sold 34,607 shares. The insider’s holdings dropped to 556,302 shares worth approximately $3.46 million following the completion of this transaction.
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Also, MCCARTHY MICHAEL O III sold 9,937 shares, netting a total of over 59,641 in proceeds. Following the sale of shares at $6.00 each, the insider now holds 711,756 shares.
Before that, MCCARTHY MICHAEL O III had sold 9,936 shares from its account. In a trade valued at $61,099, the CHIEF LEGAL OFFICER traded QuantumScape Corp shares for $6.15 each. Upon closing the transaction, the insider’s holdings decreased to 9,936 shares, worth approximately $4.49 million.
As published in their initiating research note from William Blair on December 18, 2023, QuantumScape Corp [QS] has been a Mkt perform. Analysts at HSBC Securities started covering the stock with ‘”a Reduce”‘ outlook in a report released in early December. As of September 18, 2023, Evercore ISI has initiated its “an Outperform” rating for QS. Earlier on July 19, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for QS stock which previously was a “an Outperform”.
Analyzing QS Stock Performance
During the last five days, there has been a surge of approximately 4.71%. Over the course of the year, QuantumScape Corp shares have dropped approximately -10.50%. Shares of the company reached a 52-week high of $10.03 on 01/04/24 and a 52-week low of $5.53 on 03/14/24. A 50-day SMA is recorded $6.49, while a 200-day SMA reached $7.08. Nevertheless, trading volume fell to 10.6 million shares from 5.31 million shares the previous day.
Support And Resistance Levels for QuantumScape Corp (QS)
According to the 24-hour chart, there is a support level at 5.89, which, if violated, would cause prices to drop to 5.56. In the upper region, resistance lies at 6.44. The next price resistance is at 6.65. RSI (Relative Strength Index) is 52.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 18.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is QuantumScape Corp subject to short interest?
Stocks of QuantumScape Corp saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.81 million shares to 54.91 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 55.72 million shares. A decline of -1.48% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.27 of the overall float, the days-to-cover ratio (short ratio) decline to 7.27.
