Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. QuinStreet Inc shares valued at $478,755 were sold by Wong Gregory on Nov 19 ’24. At $20.91 per share, Wong Gregory sold 22,896 shares. The insider’s holdings dropped to 351,901 shares worth approximately $7.65 million following the completion of this transaction.
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Also, SHEEHAN ANDREW T purchased 10,000 shares, netting a total of over 215,001 in proceeds.
Before that, Wong Gregory had added 22,896 shares to its account. In a trade valued at $666,019, the Officer bought QuinStreet Inc shares for $29.09 each.
As published in a research note from Craig Hallum on June 18, 2024, QuinStreet Inc [QNST] has been rated up from a Hold to a Buy and the price target has been revised to $22. As of November 30, 2023, B. Riley Securities has increased its “Neutral” rating to a “Buy” for QNST. Earlier on October 23, 2023, Barrington Research upgraded its rating. Their new recommendation was “an Outperform” for QNST stock which previously was a “a Mkt perform”.
Analyzing QNST Stock Performance
During the last five days, there has been a surge of approximately 0.97%. Over the course of the year, QuinStreet Inc shares have jumped approximately 69.66%. Shares of the company reached a 52-week high of $26.27 on 11/05/24 and a 52-week low of $11.22 on 01/10/24. A 50-day SMA is recorded $19.87, while a 200-day SMA reached $17.79. Nevertheless, trading volume fell to 0.56 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for QuinStreet Inc (QNST)
According to the 24-hour chart, there is a support level at 21.32, which, if violated, would cause prices to drop to 20.89. In the upper region, resistance lies at 22.01. The next price resistance is at 22.27. RSI (Relative Strength Index) is 56.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 64.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
