The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Quanterix Corp shares valued at $207,100 were purchased by Toloue Masoud on Aug 13 ’24. At $10.90 per share, Toloue Masoud acquired 19,000 shares. The insider’s holdings grew to 354,119 shares worth approximately $4.36 million following the completion of this transaction.
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Also, OLSON LAURIE J sold 1,500 shares, netting a total of over 25,470 in proceeds. Following the sale of shares at $16.98 each, the insider now holds 13,738 shares.
Before that, OLSON LAURIE J had sold 1,000 shares from its account. In a trade valued at $23,500, the Director traded Quanterix Corp shares for $23.50 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.19 million.
As published in their initiating research note from Scotiabank on February 01, 2024, Quanterix Corp [QTRX] has been a Sector outperform and the price target has been revised to $30. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of August 08, 2023, SVB Securities has increased its “Market perform” rating to a “an Outperform” for QTRX. Earlier on May 23, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for QTRX stock which previously was a “a Neutral”.
Analyzing QTRX Stock Performance
During the last five days, there has been a drop of approximately -8.20%. Over the course of the year, Quanterix Corp shares have dropped approximately -54.97%. Shares of the company reached a 52-week high of $29.70 on 03/08/24 and a 52-week low of $10.50 on 08/09/24. A 50-day SMA is recorded $13.41, while a 200-day SMA reached $19.65. Nevertheless, trading volume fell to 0.24 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Quanterix Corp (QTRX)
According to the 24-hour chart, there is a support level at 12.02, which, if violated, would cause prices to drop to 11.74. In the upper region, resistance lies at 12.68. The next price resistance is at 13.06. RSI (Relative Strength Index) is 42.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 56.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
