Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Quicklogic Corp shares valued at $5,053 were sold by TAUSS GARY H on Sep 03 ’24. At $8.27 per share, TAUSS GARY H sold 611 shares. The insider’s holdings dropped to 20,581 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Faith Brian C sold 28,029 shares, netting a total of over 227,088 in proceeds. Following the sale of shares at $8.10 each, the insider now holds 170,704 shares.
Before that, Nader Elias had sold 11,657 shares from its account. In a trade valued at $94,444, the CFO, SVP FINANCE traded Quicklogic Corp shares for $8.10 each. Upon closing the transaction, the insider’s holdings decreased to 11,657 shares, worth approximately $0.43 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 drop of approximately -11.86%. Over the course of the year, Quicklogic Corp shares have dropped approximately -45.31%. Shares of the company reached a 52-week high of $20.75 on 03/18/24 and a 52-week low of $7.52 on 09/04/24. A 50-day SMA is recorded $9.94, while a 200-day SMA reached $12.50. Nevertheless, trading volume fell to 0.22 million shares from 0.29 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 7.41, which, if violated, would cause prices to drop to 7.25. In the upper region, resistance lies at 7.85. The next price resistance is at 8.13. RSI (Relative Strength Index) is 34.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 96.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
