QuantumScape Corp’s filing revealed that its CHIEF FINANCIAL OFFICER Hettrich Kevin unloaded Company’s shares for reported $0.21 million on Mar 11 ’24. In the deal valued at $6.11 per share,34,607 shares were sold. As a result of this transaction, Hettrich Kevin now holds 556,302 shares worth roughly $3.42 million.
Then, MCCARTHY MICHAEL O III sold 9,937 shares, generating $59,641 in total proceeds. Upon selling the shares at $6.00, the CHIEF LEGAL OFFICER now owns 711,756 shares.
Before that, MCCARTHY MICHAEL O III sold 9,936 shares. QuantumScape Corp shares valued at $61,099 were divested by the CHIEF LEGAL OFFICER at a price of $6.15 per share. As a result of the transaction, MCCARTHY MICHAEL O III now holds 721,693 shares, worth roughly $4.43 million.
William Blair initiated its QuantumScape Corp [QS] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early December with a ‘”a Reduce”‘ rating. Evercore ISI began covering QS with “an Outperform” recommendation on September 18, 2023. TD Cowen revised its rating on July 19, 2023. It rated QS as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of QS
On Monday, QuantumScape Corp [NYSE:QS] saw its stock jump 2.68% to $6.14. Over the last five days, the stock has gained 0.16%. QuantumScape Corp shares have fallen nearly -11.65% since the year began. Nevertheless, the stocks have fallen -16.23% over the past one year. While a 52-week high of $13.86 was reached on 01/04/24, a 52-week low of $4.99 was recorded on 03/14/24. SMA at 50 days reached $6.40, while 200 days put it at $7.03. A total of 4.36 million shares were traded, compared to the trading of 4.4 million shares in the previous session.
Levels Of Support And Resistance For QS Stock
The 24-hour chart illustrates a support level at 6.04, which if violated will result in even more drops to 5.94. On the upside, there is a resistance level at 6.25. A further resistance level may holdings at 6.36. The Relative Strength Index (RSI) on the 14-day chart is 51.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.79%. Stochastics %K at 49.61% indicates the stock is a holding.
How much short interest is there in QuantumScape Corp?
A steep rise in short interest was recorded in QuantumScape Corp stocks on Mar 15, 2024, dropping by -2.85 million shares to a total of 54.69 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 57.54 million shares. There was a decline of -5.21%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 15.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.28.
