Quantum Corp’s filing revealed that its Chief Financial Officer Gianella Kenneth P. unloaded Company’s shares for reported $11474.0 on Nov 08 ’24. In the deal valued at $4.43 per share,2,590 shares were sold. As a result of this transaction, Gianella Kenneth P. now holds 33,910 shares worth roughly $2.4 million.
Then, Spanjaard Henk Jan sold 394 shares, generating $1,745 in total proceeds. Upon selling the shares at $4.43, the Chief Revenue Officer now owns 15,662 shares.
Before that, Lerner James J sold 6,505 shares. Quantum Corp shares valued at $28,817 were divested by the President & CEO at a price of $4.43 per share. As a result of the transaction, Lerner James J now holds 107,491 shares, worth roughly $7.6 million.
Oppenheimer downgraded its Quantum Corp [QMCO] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Northland Capital began covering QMCO with “an Outperform” recommendation on March 05, 2021. Oppenheimer started covering the stock on March 04, 2021. It rated QMCO as “an Outperform”.
Price Performance Review of QMCO
On Friday, Quantum Corp [NASDAQ:QMCO] saw its stock jump 4.90% to $70.67. Over the last five days, the stock has gained 96.14%. Quantum Corp shares have risen nearly 912.46% since the year began. Nevertheless, the stocks have risen 939.26% over the past one year. While a 52-week high of $71.93 was reached on 12/27/24, a 52-week low of $2.22 was recorded on 09/06/24. SMA at 50 days reached $15.41, while 200 days put it at $9.58.
Levels Of Support And Resistance For QMCO Stock
The 24-hour chart illustrates a support level at 60.57, which if violated will result in even more drops to 50.46. On the upside, there is a resistance level at 85.71. A further resistance level may holdings at 100.74. The Relative Strength Index (RSI) on the 14-day chart is 74.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 24.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.32%. Stochastics %K at 76.38% indicates the stock is a holding.
How much short interest is there in Quantum Corp?
A steep rise in short interest was recorded in Quantum Corp stocks on 2024-10-31, dropping by 39636.0 shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.23 million shares. There was a decline of -21.04%, which implies that there is a negative sentiment for the stock.
