The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Quicklogic Corp shares valued at $69,463 were sold by SAXE TIMOTHY on Nov 18 ’24. At $6.95 per share, SAXE TIMOTHY sold 10,000 shares. The insider’s holdings dropped to 108,004 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Faith Brian C purchased 1,250 shares, netting a total of over 8,762 in proceeds. Following the buying of shares at $7.01 each, the insider now holds 171,954 shares.
Before that, TIMOTHY SAXE had added 10,000 shares to its account. In a trade valued at $69,462, the Officer bought Quicklogic Corp shares for $6.95 each.
As published in a research note from ROTH Capital on May 19, 2021, Quicklogic Corp [QUIK] has been rated up from a Neutral to a Buy and the price target has been revised to $8 from $7. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid August. As of January 19, 2018, ROTH Capital has reiterated its “Buy” rating for QUIK. Earlier on September 11, 2017, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for QUIK stock which previously was a “a Neutral”.
Analyzing QUIK Stock Performance
During the last five days, there has been a surge of approximately 9.32%. Over the course of the year, Quicklogic Corp shares have dropped approximately -44.16%. Shares of the company reached a 52-week high of $20.75 on 03/18/24 and a 52-week low of $6.75 on 11/20/24. A 50-day SMA is recorded $7.86, while a 200-day SMA reached $10.99. Nevertheless, trading volume fell to 95501.0 shares from 0.18 million shares the previous day.
Support And Resistance Levels for Quicklogic Corp (QUIK)
According to the 24-hour chart, there is a support level at 7.56, which, if violated, would cause prices to drop to 7.38. In the upper region, resistance lies at 7.87. The next price resistance is at 8.00. RSI (Relative Strength Index) is 50.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 37.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
