QuinStreet Inc’s filing revealed that its CFO Wong Gregory unloaded Company’s shares for reported $0.78 million on Sep 12 ’24. In the deal valued at $18.66 per share,41,855 shares were sold. As a result of this transaction, Wong Gregory now holds 383,352 shares worth roughly $7.63 million.
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Then, Wong Gregory bought 41,855 shares, generating $780,693 in total proceeds.
Before that, PAULDINE DAVID J bought 11,000 shares. QuinStreet Inc shares valued at $192,500 were divested by the Director at a price of $17.50 per share.
Craig Hallum upgraded its QuinStreet Inc [QNST] rating to a Buy from a a Hold in a research note published recently. B. Riley Securities also remained covering QNST and has increased its forecast on November 30, 2023 with a “Buy” recommendation from previously “Neutral” rating. Barrington Research revised its rating on October 23, 2023. It rated QNST as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of QNST
On Friday, QuinStreet Inc [NASDAQ:QNST] saw its stock fall -5.19% to $19.91. Over the last five days, the stock has gained 7.22%. QuinStreet Inc shares have risen nearly 55.30% since the year began. Nevertheless, the stocks have risen 70.75% over the past one year. While a 52-week high of $21.85 was reached on 11/01/24, a 52-week low of $10.41 was recorded on 01/10/24. SMA at 50 days reached $19.17, while 200 days put it at $17.20.
Levels Of Support And Resistance For QNST Stock
The 24-hour chart illustrates a support level at 19.01, which if violated will result in even more drops to 18.12. On the upside, there is a resistance level at 21.35. A further resistance level may holdings at 22.79. The Relative Strength Index (RSI) on the 14-day chart is 54.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 53.51%. Stochastics %K at 71.42% indicates the stock is a holding.
How much short interest is there in QuinStreet Inc?
A steep rise in short interest was recorded in QuinStreet Inc stocks on 2024-10-15, dropping by 88816.0 shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.02 million shares. There was a decline of -4.6%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 29, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10 price target.
