Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. QuantumScape Corp shares valued at $1,063,753 were sold by Singh Jagdeep on Oct 07 ’24. At $5.53 per share, Singh Jagdeep sold 192,270 shares. The insider’s holdings dropped to 2,590,583 shares worth approximately $14.02 million following the completion of this transaction.
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Also, Singh Jagdeep sold 57,690 shares, netting a total of over 319,176 in proceeds. Following the sale of shares at $5.53 each, the insider now holds 5,716,238 shares.
Before that, Singh Jagdeep had sold 192,270 shares from its account. In a trade valued at $1,150,909, the Director traded QuantumScape Corp shares for $5.99 each. Upon closing the transaction, the insider’s holdings decreased to 192,270 shares, worth approximately $14.02 million.
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 drop of approximately -1.46%. Over the course of the year, QuantumScape Corp shares have dropped approximately -22.16%. 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 $5.75, while a 200-day SMA reached $6.14. Nevertheless, trading volume fell to 3.59 million shares from 3.74 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 5.34, which, if violated, would cause prices to drop to 5.26. In the upper region, resistance lies at 5.46. The next price resistance is at 5.51. RSI (Relative Strength Index) is 42.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 87.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
