Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Quantum Corp shares valued at $11,474 were sold by Gianella Kenneth P. on Nov 08 ’24. At $4.43 per share, Gianella Kenneth P. sold 2,590 shares. The insider’s holdings dropped to 33,910 shares worth approximately $1.52 million following the completion of this transaction.
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Also, Spanjaard Henk Jan sold 394 shares, netting a total of over 1,745 in proceeds. Following the sale of shares at $4.43 each, the insider now holds 15,662 shares.
Before that, Lerner James J had sold 6,505 shares from its account. In a trade valued at $28,817, the President & CEO traded Quantum Corp shares for $4.43 each. Upon closing the transaction, the insider’s holdings decreased to 6,505 shares, worth approximately $4.83 million.
As published in a research note from Oppenheimer on February 10, 2022, Quantum Corp [QMCO] has been rated down from an Outperform to a Perform. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of March 05, 2021, Northland Capital has initiated its “an Outperform” rating for QMCO. Earlier on March 04, 2021, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for QMCO stock.
Analyzing QMCO Stock Performance
During the last five days, there has been a surge of approximately 90.01%. Over the course of the year, Quantum Corp shares have jumped approximately 545.70%. Shares of the company reached a 52-week high of $64.20 on 12/18/24 and a 52-week low of $2.22 on 09/06/24. A 50-day SMA is recorded $12.80, while a 200-day SMA reached $9.00. Nevertheless, trading volume fell to 1.46 million shares from 3.31 million shares the previous day.
Support And Resistance Levels for Quantum Corp (QMCO)
According to the 24-hour chart, there is a support level at 41.12, which, if violated, would cause prices to drop to 37.31. In the upper region, resistance lies at 48.62. The next price resistance is at 52.31. RSI (Relative Strength Index) is 64.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 17.53, which suggests the price will increase in the coming days. Percent R is at 36.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
