Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. QuantumScape Corp shares valued at $1,150,909 were sold by Singh Jagdeep on Sep 17 ’24. At $5.99 per share, Singh Jagdeep sold 192,270 shares. The insider’s holdings dropped to 2,590,583 shares worth approximately $15.36 million following the completion of this transaction.
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Also, Singh Jagdeep sold 57,690 shares, netting a total of over 345,327 in proceeds. Following the sale of shares at $5.99 each, the insider now holds 5,773,928 shares.
Before that, Jagdeep Singh had added 999,880 shares to its account. In a trade valued at $5,999,280, the Director bought QuantumScape Corp shares for $6.00 each.
As of December 18, 2023, William Blair has initiated its “Mkt perform” rating for QS. Earlier on December 04, 2023, HSBC Securities initiated its rating. Their recommendation was “a Reduce” for QS stock.
Analyzing QS Stock Performance
During the last five days, there has been a surge of approximately 2.24%. Over the course of the year, QuantumScape Corp shares have dropped approximately -14.68%. Shares of the company reached a 52-week high of $10.03 on 01/04/24 and a 52-week low of $4.67 on 06/27/24. A 50-day SMA is recorded $6.36, while a 200-day SMA reached $6.25. Nevertheless, trading volume fell to 4.17 million shares from 5.25 million shares the previous day.
Support And Resistance Levels for QuantumScape Corp (QS)
According to the 24-hour chart, there is a support level at 5.84, which, if violated, would cause prices to drop to 5.75. In the upper region, resistance lies at 6.03. The next price resistance is at 6.13. RSI (Relative Strength Index) is 51.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 27.96%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
