Quantum Corp’s recent filing unveils that its SVP Chief Admin Ofcr & Secy Cabrera Brian E unloaded Company’s shares for reported $2586.0 on Nov 02 ’23. In the deal valued at $0.47 per share,5,543 shares were sold. As a result of this transaction, Cabrera Brian E now holds 221,887 shares worth roughly $0.12 million.
Then, Lerner James J sold 36,045 shares, generating $21,775 in total proceeds. Upon selling the shares at $0.60, the President & CEO now owns 1,704,908 shares.
Before that, Cabrera Brian E sold 942 shares. Quantum Corp shares valued at $559 were divested by the SVP Chief Admin Ofcr & Secy at a price of $0.59 per share. As a result of the transaction, Cabrera Brian E now holds 227,430 shares, worth roughly $0.12 million.
Oppenheimer downgraded its Quantum Corp [QMCO] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Northland Capital began covering QMCO with “an Outperform” recommendation on March 05, 2021. Oppenheimer started covering the stock on March 04, 2021. It rated QMCO as “an Outperform”.
Price Performance Review of QMCO
On Tuesday, Quantum Corp [NASDAQ:QMCO] saw its stock fall -4.02% to $0.52. Over the last five days, the stock has lost -4.35%. Quantum Corp shares have risen nearly 47.94% since the year began. Nevertheless, the stocks have fallen -48.88% over the past one year. While a 52-week high of $1.32 was reached on 02/14/24, a 52-week low of $0.24 was recorded on 01/17/24. SMA at 50 days reached $0.5114, while 200 days put it at $0.5814. A total of 0.2 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For QMCO Stock
The 24-hour chart illustrates a support level at 0.4943, which if violated will result in even more drops to 0.4722. On the upside, there is a resistance level at 0.5542. A further resistance level may holdings at 0.5920. The Relative Strength Index (RSI) on the 14-day chart is 46.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0380, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.39%. Stochastics %K at 22.22% indicates the stock is a holding.
How much short interest is there in Quantum Corp?
A steep rise in short interest was recorded in Quantum Corp stocks on Mar 28, 2024, dropping by -0.34 million shares to a total of 0.25 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.59 million shares. There was a decline of -136.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.63.
