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The Attractiveness of Investing In Quicklogic Corp (QUIK) is Growing

Quicklogic Corp’s recently made public that its PRESIDENT AND CEO Faith Brian C unloaded Company’s shares for reported $43664.0 on Apr 02 ’24. In the deal valued at $15.54 per share,2,810 shares were sold. As a result of this transaction, Faith Brian C now holds 192,393 shares worth roughly $2.96 million.

Then, Nader Elias sold 2,474 shares, generating $38,449 in total proceeds. Upon selling the shares at $15.54, the CFO, SVP FINANCE now owns 44,207 shares.

Before that, SAXE TIMOTHY sold 1,974 shares. Quicklogic Corp shares valued at $30,682 were divested by the SR. VP AND CTO at a price of $15.54 per share. As a result of the transaction, SAXE TIMOTHY now holds 124,136 shares, worth roughly $1.91 million.

ROTH Capital upgraded its Quicklogic Corp [QUIK] rating to a Buy from a a Neutral in a research note published on May 19, 2021; the price target was increased to $8 from $7. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid August with a ‘”an Outperform”‘ rating. ROTH Capital also remained covering QUIK and reiterated its “Buy” recommendation on January 19, 2018. ROTH Capital revised its rating on September 11, 2017. It rated QUIK as “a Buy” which previously was an “a Neutral”.

Price Performance Review of QUIK

On Monday, Quicklogic Corp [NASDAQ:QUIK] saw its stock jump 7.22% to $15.36. Over the last five days, the stock has gained 30.43%. Quicklogic Corp shares have risen nearly 10.86% since the year began. Nevertheless, the stocks have risen 179.36% over the past one year. While a 52-week high of $20.75 was reached on 03/18/24, a 52-week low of $5.09 was recorded on 02/02/24. SMA at 50 days reached $14.83, while 200 days put it at $11.51. A total of 0.86 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For QUIK Stock

The 24-hour chart illustrates a support level at 14.46, which if violated will result in even more drops to 13.55. On the upside, there is a resistance level at 16.08. A further resistance level may holdings at 16.79. The Relative Strength Index (RSI) on the 14-day chart is 61.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.60%. Stochastics %K at 80.20% indicates the stock is a selling.

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