Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Quicklogic Corp shares valued at $158,079 were sold by Faith Brian C on Dec 05 ’24. At $7.39 per share, Faith Brian C sold 21,402 shares. The insider’s holdings dropped to 193,584 shares worth approximately $2.32 million following the completion of this transaction.
Also, Nader Elias sold 8,711 shares, netting a total of over 64,339 in proceeds. Following the sale of shares at $7.39 each, the insider now holds 60,955 shares.
Before that, SAXE TIMOTHY had sold 10,886 shares from its account. In a trade valued at $80,425, the SR. VP AND CTO traded Quicklogic Corp shares for $7.39 each. Upon closing the transaction, the insider’s holdings decreased to 10,886 shares, worth approximately $1.41 million.
As published in their initiating research note from Northland Capital on December 17, 2024, Quicklogic Corp [QUIK] has been an Outperform and the price target has been revised to $11.60. Analysts at ROTH Capital upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of August 15, 2019, Oppenheimer has initiated its “an Outperform” rating for QUIK. Earlier on January 19, 2018, ROTH Capital resumed its rating. Their recommendation was “a Buy” for QUIK stock.
Analyzing QUIK Stock Performance
During the last five days, there has been a surge of approximately 29.65%. Over the course of the year, Quicklogic Corp shares have jumped approximately 6.02%. Shares of the company reached a 52-week high of $13.08 on 01/02/25 and a 52-week low of $11.42 on 01/02/25. A 50-day SMA is recorded $8.15, while a 200-day SMA reached $10.23. Nevertheless, trading volume fell to 0.64 million shares from 1.69 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 11.24, which, if violated, would cause prices to drop to 10.50. In the upper region, resistance lies at 12.90. The next price resistance is at 13.82. RSI (Relative Strength Index) is 74.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.40, which suggests the price will increase in the coming days. Percent R is at 23.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
