Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Quicklogic Corp shares valued at $12,250 were sold by TAUSS GARY H on Jun 03 ’24. At $13.06 per share, TAUSS GARY H sold 938 shares. The insider’s holdings dropped to 17,021 shares worth approximately $0.18 million following the completion of this transaction.
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Also, SAXE TIMOTHY sold 10,000 shares, netting a total of over 117,640 in proceeds. Following the sale of shares at $11.76 each, the insider now holds 114,934 shares.
Before that, Faith Brian C had sold 2,810 shares from its account. In a trade valued at $43,664, the PRESIDENT AND CEO traded Quicklogic Corp shares for $15.54 each. Upon closing the transaction, the insider’s holdings decreased to 2,810 shares, worth approximately $2.03 million.
As published in a research note from ROTH Capital on May 19, 2021, Quicklogic Corp [QUIK] has been rated up from a Neutral to a Buy and the price target has been revised to $8 from $7. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid August. As of January 19, 2018, ROTH Capital has reiterated its “Buy” rating for QUIK. Earlier on September 11, 2017, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for QUIK stock which previously was a “a Neutral”.
Analyzing QUIK Stock Performance
During the last five days, there has been a surge of approximately 1.05%. Over the course of the year, Quicklogic Corp shares have dropped approximately -23.88%. Shares of the company reached a 52-week high of $20.75 on 03/18/24 and a 52-week low of $10.02 on 06/21/24. A 50-day SMA is recorded $12.16, while a 200-day SMA reached $12.34. Nevertheless, trading volume fell to 65505.0 shares from 0.18 million shares the previous day.
Support And Resistance Levels for Quicklogic Corp (QUIK)
According to the 24-hour chart, there is a support level at 10.25, which, if violated, would cause prices to drop to 10.03. In the upper region, resistance lies at 10.63. The next price resistance is at 10.79. RSI (Relative Strength Index) is 40.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 78.16%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
