QuantumScape Corp’s filing revealed that its CHIEF FINANCIAL OFFICER Hettrich Kevin unloaded Company’s shares for reported $0.19 million on Oct 09 ’24. In the deal valued at $5.49 per share,34,607 shares were sold. As a result of this transaction, Hettrich Kevin now holds 1,073,022 shares worth roughly $5.58 million.
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Then, Singh Jagdeep sold 192,270 shares, generating $1,063,753 in total proceeds. Upon selling the shares at $5.53, the Director now owns 2,590,583 shares.
Before that, Singh Jagdeep sold 57,690 shares. QuantumScape Corp shares valued at $319,176 were divested by the Director at a price of $5.53 per share. As a result of the transaction, Singh Jagdeep now holds 5,716,238 shares, worth roughly $29.72 million.
William Blair began covering QS with “Mkt perform” recommendation on December 18, 2023. HSBC Securities started covering the stock on December 04, 2023. It rated QS as “a Reduce”.
Price Performance Review of QS
On Monday, QuantumScape Corp [NYSE:QS] saw its stock fall -1.52% to $5.20. Over the last five days, the stock has lost -6.81%. QuantumScape Corp shares have fallen nearly -25.18% since the year began. Nevertheless, the stocks have fallen -14.47% over the past one year. While a 52-week high of $10.03 was reached on 01/04/24, a 52-week low of $4.67 was recorded on 06/27/24. SMA at 50 days reached $5.68, while 200 days put it at $6.08.
Levels Of Support And Resistance For QS Stock
The 24-hour chart illustrates a support level at 5.13, which if violated will result in even more drops to 5.06. On the upside, there is a resistance level at 5.27. A further resistance level may holdings at 5.34. The Relative Strength Index (RSI) on the 14-day chart is 37.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.67%. Stochastics %K at 9.51% indicates the stock is a buying.
How much short interest is there in QuantumScape Corp?
A steep rise in short interest was recorded in QuantumScape Corp stocks on 2024-09-30, dropping by -2.2 million shares to a total of 55.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 57.99 million shares. There was a decline of -3.95%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 18, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $10 price target.
