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. QuantumScape Corp shares valued at $65,085 were sold by Prinz Fritz on Nov 21 ’24. At $5.04 per share, Prinz Fritz sold 12,908 shares. The insider’s holdings dropped to 241,195 shares worth approximately $1.18 million following the completion of this transaction.
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Also, MCCARTHY MICHAEL O III sold 27,305 shares, netting a total of over 138,442 in proceeds. Following the sale of shares at $5.07 each, the insider now holds 1,129,167 shares.
Before that, Hettrich Kevin had sold 55,647 shares from its account. In a trade valued at $281,151, the CHIEF FINANCIAL OFFICER traded QuantumScape Corp shares for $5.05 each. Upon closing the transaction, the insider’s holdings decreased to 55,647 shares, worth approximately $5.01 million.
As published in a research note from HSBC Securities on November 19, 2024, QuantumScape Corp [QS] has been rated up from a Reduce to a Hold and the price target has been revised to $5.30. Earlier on December 18, 2023, William Blair initiated its rating. Their recommendation was “a Mkt perform” for QS stock.
Analyzing QS Stock Performance
During the last five days, there has been a drop of approximately -5.04%. Over the course of the year, QuantumScape Corp shares have dropped approximately -29.50%. Shares of the company reached a 52-week high of $10.03 on 01/04/24 and a 52-week low of $4.65 on 11/18/24. A 50-day SMA is recorded $5.32, while a 200-day SMA reached $5.75. Nevertheless, trading volume fell to 9.57 million shares from 9.25 million shares the previous day.
Support And Resistance Levels for QuantumScape Corp (QS)
According to the 24-hour chart, there is a support level at 4.85, which, if violated, would cause prices to drop to 4.79. In the upper region, resistance lies at 5.01. The next price resistance is at 5.11. RSI (Relative Strength Index) is 42.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 72.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
