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Analyzing Quanterix Corp (QTRX) After Recent Trading Activity

Quanterix Corp’s recently made public that its Director OLSON LAURIE J unloaded Company’s shares for reported $23500.0 on Apr 01 ’24. In the deal valued at $23.50 per share,1,000 shares were sold. As a result of this transaction, OLSON LAURIE J now holds 15,238 shares worth roughly $0.25 million.

Then, OLSON LAURIE J sold 1,500 shares, generating $36,525 in total proceeds. Upon selling the shares at $24.35, the Director now owns 15,238 shares.

Before that, OLSON LAURIE J sold 1,000 shares. Quanterix Corp shares valued at $26,910 were divested by the Director at a price of $26.91 per share. As a result of the transaction, OLSON LAURIE J now holds 16,738 shares, worth roughly $0.27 million.

Scotiabank initiated its Quanterix Corp [QTRX] rating to a Sector outperform in a research note published on February 01, 2024; the price target was $30. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in late September from “a Hold” to “a Buy”. SVB Securities also remained covering QTRX and has increased its forecast on August 08, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Goldman revised its rating on May 23, 2023. It rated QTRX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of QTRX

On Tuesday, Quanterix Corp [NASDAQ:QTRX] saw its stock jump 3.47% to $16.12. Over the last five days, the stock has gained 0.12%. Quanterix Corp shares have fallen nearly -41.04% since the year began. Nevertheless, the stocks have risen 27.53% over the past one year. While a 52-week high of $29.70 was reached on 03/08/24, a 52-week low of $12.17 was recorded on 04/30/24. SMA at 50 days reached $22.38, while 200 days put it at $23.73. A total of 0.48 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For QTRX Stock

The 24-hour chart illustrates a support level at 15.54, which if violated will result in even more drops to 14.96. On the upside, there is a resistance level at 16.48. A further resistance level may holdings at 16.84. The Relative Strength Index (RSI) on the 14-day chart is 28.47, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.99%. Stochastics %K at 7.59% indicates the stock is a buying.

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