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Citigroup downgrades Q2 Holdings Inc (QTWO) stock to a Neutral

Q2 Holdings Inc’s recent filing unveils that its Former Officer Mehok David J acquired Company’s shares for reported $1.23 million on Nov 18 ’24. In the deal valued at $97.12 per share,12,642 shares were bought.

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Then, Diehl Jeffrey T sold 40,233 shares, generating $3,879,668 in total proceeds. Upon selling the shares at $96.43, the Director now owns 0 shares.

Before that, Price Jonathan sold 476 shares. Q2 Holdings Inc shares valued at $46,729 were divested by the Chief Financial Officer at a price of $98.17 per share. As a result of the transaction, Price Jonathan now holds 214,603 shares, worth roughly $22.83 million.

Citigroup downgraded its Q2 Holdings Inc [QTWO] rating to a Neutral from a a Buy in a research note published on October 18, 2024; the price target was increased to $90 from $72. A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. DA Davidson also remained covering QTWO and has decreased its forecast on July 24, 2024 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler revised its rating on December 13, 2023. It rated QTWO as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of QTWO

On Friday, Q2 Holdings Inc [NYSE:QTWO] saw its stock jump 1.35% to $106.37. Over the last five days, the stock has gained 9.52%. Q2 Holdings Inc shares have risen nearly 145.04% since the year began. Nevertheless, the stocks have risen 205.13% over the past one year. While a 52-week high of $105.73 was reached on 11/22/24, a 52-week low of $34.59 was recorded on 01/05/24. SMA at 50 days reached $86.05, while 200 days put it at $65.94.

Levels Of Support And Resistance For QTWO Stock

The 24-hour chart illustrates a support level at 105.17, which if violated will result in even more drops to 103.97. On the upside, there is a resistance level at 107.05. A further resistance level may holdings at 107.73. The Relative Strength Index (RSI) on the 14-day chart is 75.39, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.74%. Stochastics %K at 93.01% indicates the stock is a selling.

How much short interest is there in Q2 Holdings Inc?

A steep rise in short interest was recorded in Q2 Holdings Inc stocks on 2024-10-31, dropping by -0.2 million shares to a total of 3.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.59 million shares. There was a decline of -6.02%, which implies that there is a negative sentiment for the stock.

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