QuantumScape Corp’s recently made public that its Director Singh Jagdeep unloaded Company’s shares for reported $1.03 million on Jun 13 ’24. In the deal valued at $5.35 per share,192,270 shares were sold. As a result of this transaction, Singh Jagdeep now holds 2,809,253 shares worth roughly $13.57 million.
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Then, Singh Jagdeep sold 57,690 shares, generating $308,815 in total proceeds. Upon selling the shares at $5.35, the Director now owns 5,946,998 shares.
Before that, Singh Jagdeep sold 192,280 shares. QuantumScape Corp shares valued at $1,124,992 were divested by the Director at a price of $5.85 per share. As a result of the transaction, Singh Jagdeep now holds 2,809,253 shares, worth roughly $13.57 million.
William Blair initiated its QuantumScape Corp [QS] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early December with a ‘”a Reduce”‘ rating. Evercore ISI began covering QS with “an Outperform” recommendation on September 18, 2023. TD Cowen revised its rating on July 19, 2023. It rated QS as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of QS
On Tuesday, QuantumScape Corp [NYSE:QS] saw its stock fall -2.42% to $4.83. Over the last five days, the stock has lost -5.11%. QuantumScape Corp shares have fallen nearly -30.50% since the year began. Nevertheless, the stocks have fallen -29.39% over the past one year. While a 52-week high of $13.86 was reached on 01/04/24, a 52-week low of $4.76 was recorded on 06/21/24. SMA at 50 days reached $5.52, while 200 days put it at $6.26. A total of 4.0 million shares were traded, compared to the trading of 7.71 million shares in the previous session.
Levels Of Support And Resistance For QS Stock
The 24-hour chart illustrates a support level at 4.78, which if violated will result in even more drops to 4.72. On the upside, there is a resistance level at 4.94. A further resistance level may holdings at 5.04. The Relative Strength Index (RSI) on the 14-day chart is 31.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.96%. Stochastics %K at 10.07% indicates the stock is a buying.
