Quicklogic Corp’s filing revealed that its SR. VP AND CTO SAXE TIMOTHY unloaded Company’s shares for reported $0.12 million on May 20 ’24. In the deal valued at $11.76 per share,10,000 shares were sold. As a result of this transaction, SAXE TIMOTHY now holds 114,934 shares worth roughly $1.45 million.
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Then, Faith Brian C sold 2,810 shares, generating $43,664 in total proceeds. Upon selling the shares at $15.54, the PRESIDENT AND CEO now owns 192,393 shares.
Before that, Nader Elias sold 2,474 shares. Quicklogic Corp shares valued at $38,449 were divested by the CFO, SVP FINANCE at a price of $15.54 per share. As a result of the transaction, Nader Elias now holds 44,207 shares, worth roughly $0.56 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 Friday, Quicklogic Corp [NASDAQ:QUIK] saw its stock jump 7.75% to $12.65. Over the last five days, the stock has gained 5.95%. Quicklogic Corp shares have fallen nearly -8.73% since the year began. Nevertheless, the stocks have risen 120.77% over the past one year. While a 52-week high of $20.75 was reached on 03/18/24, a 52-week low of $5.60 was recorded on 02/02/24. SMA at 50 days reached $13.92, while 200 days put it at $11.92. A total of 0.39 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For QUIK Stock
The 24-hour chart illustrates a support level at 11.97, which if violated will result in even more drops to 11.30. On the upside, there is a resistance level at 13.10. A further resistance level may holdings at 13.56. The Relative Strength Index (RSI) on the 14-day chart is 48.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.45%. Stochastics %K at 25.32% indicates the stock is a holding.
