QuinStreet Inc’s filing revealed that its CFO Wong Gregory unloaded Company’s shares for reported $0.13 million on Feb 20 ’24. In the deal valued at $15.03 per share,8,407 shares were sold. As a result of this transaction, Wong Gregory now holds 295,204 shares worth roughly $5.0 million.
Then, Wong Gregory sold 7,145 shares, generating $92,456 in total proceeds. Upon selling the shares at $12.94, the CFO now owns 309,116 shares.
Before that, Wong Gregory sold 25,865 shares. QuinStreet Inc shares valued at $332,365 were divested by the CFO at a price of $12.85 per share. As a result of the transaction, Wong Gregory now holds 316,261 shares, worth roughly $5.35 million.
B. Riley Securities upgraded its QuinStreet Inc [QNST] rating to a Buy from a a Neutral in a research note published on November 30, 2023; the price target was increased to $19 from $11. A number of analysts have revised their coverage, including Barrington Research’s analysts, who increased its forecast for the stock in late October from “a Mkt perform” to “an Outperform”. B. Riley Securities began covering QNST with “Neutral” recommendation on August 29, 2023. Craig Hallum revised its rating on May 04, 2023. It rated QNST as “a Hold” which previously was an “a Buy”.
Price Performance Review of QNST
On Tuesday, QuinStreet Inc [NASDAQ:QNST] saw its stock fall -1.05% to $16.93. Over the last five days, the stock has lost -2.87%. QuinStreet Inc shares have risen nearly 32.06% since the year began. Nevertheless, the stocks have risen 27.92% over the past one year. While a 52-week high of $17.76 was reached on 04/09/24, a 52-week low of $6.79 was recorded on 01/10/24. SMA at 50 days reached $15.84, while 200 days put it at $11.88. A total of 0.23 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For QNST Stock
The 24-hour chart illustrates a support level at 16.71, which if violated will result in even more drops to 16.48. On the upside, there is a resistance level at 17.10. A further resistance level may holdings at 17.26. The Relative Strength Index (RSI) on the 14-day chart is 54.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.77%. Stochastics %K at 34.53% indicates the stock is a holding.
