QuantumScape Corp’s recent filing unveils that its CHIEF DEVELOPMENT OFFICER Singh Mohit unloaded Company’s shares for reported $0.61 million on Dec 27 ’24. In the deal valued at $6.24 per share,97,305 shares were sold. As a result of this transaction, Singh Mohit now holds 1,092,020 shares worth roughly $6.55 million.
Then, Singh Mohit sold 82,695 shares, generating $509,062 in total proceeds. Upon selling the shares at $6.16, the CHIEF DEVELOPMENT OFFICER now owns 1,092,020 shares.
Before that, Singh Mohit bought 97,305 shares. QuantumScape Corp shares valued at $607,310 were divested by the Officer at a price of $6.24 per share.
HSBC Securities upgraded its QuantumScape Corp [QS] rating to a Hold from a a Reduce in a research note published recently. William Blair started covering the stock on December 18, 2023. It rated QS as “a Mkt perform”.
Price Performance Review of QS
On Friday, QuantumScape Corp [NYSE:QS] saw its stock jump 8.30% to $6.00. Over the last five days, the stock has lost -2.28%. QuantumScape Corp shares have risen nearly 15.61% since the year began. Nevertheless, the stocks have fallen -7.69% over the past one year. While a 52-week high of $10.03 was reached on 01/03/25, a 52-week low of $4.65 was recorded on 01/02/25. SMA at 50 days reached $5.21, while 200 days put it at $5.67.
Levels Of Support And Resistance For QS Stock
The 24-hour chart illustrates a support level at 5.60, which if violated will result in even more drops to 5.21. On the upside, there is a resistance level at 6.24. A further resistance level may holdings at 6.49. The Relative Strength Index (RSI) on the 14-day chart is 60.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.12%. Stochastics %K at 52.90% indicates the stock is a holding.
How much short interest is there in QuantumScape Corp?
A steep rise in short interest was recorded in QuantumScape Corp stocks on 2024-12-13, dropping by -0.64 million shares to a total of 65.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 66.6 million shares. There was a decline of -0.96%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 04, 2023 when HSBC Securities began covering the stock and recommended ‘”a Reduce”‘ rating along with a $4.70 price target.
