In a filing, QuinStreet Inc revealed 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 $5.74 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 $6.14 million.
A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. Barrington Research also remained covering QNST and has increased its forecast on October 23, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. B. Riley Securities started covering the stock on August 29, 2023. It rated QNST as “a Neutral”.
Price Performance Review of QNST
On Tuesday, QuinStreet Inc [NASDAQ:QNST] saw its stock jump 2.32% to $19.43. Over the last five days, the stock has gained 7.41%. QuinStreet Inc shares have risen nearly 51.56% since the year began. Nevertheless, the stocks have risen 140.02% over the past one year. While a 52-week high of $19.38 was reached on 05/07/24, a 52-week low of $6.79 was recorded on 01/10/24. SMA at 50 days reached $16.72, while 200 days put it at $12.53. A total of 0.45 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For QNST Stock
The 24-hour chart illustrates a support level at 19.09, which if violated will result in even more drops to 18.76. On the upside, there is a resistance level at 19.67. A further resistance level may holdings at 19.91. The Relative Strength Index (RSI) on the 14-day chart is 70.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.08%. Stochastics %K at 90.06% indicates the stock is a selling.
