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. Quantum Corp shares valued at $14,038,556 were sold by PACIFIC INVESTMENT MANAGEMENT on Jan 03 ’25. At $61.52 per share, PACIFIC INVESTMENT MANAGEMENT sold 228,195 shares. The insider’s holdings dropped to 525,994 shares worth approximately $16.53 million following the completion of this transaction.
Also, Gianella Kenneth P. sold 2,590 shares, netting a total of over 11,474 in proceeds. Following the sale of shares at $4.43 each, the insider now holds 33,910 shares.
Before that, Spanjaard Henk Jan had sold 394 shares from its account. In a trade valued at $1,745, the Chief Revenue Officer traded Quantum Corp shares for $4.43 each. Upon closing the transaction, the insider’s holdings decreased to 394 shares, worth approximately $0.49 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 drop of approximately -41.71%. Over the course of the year, Quantum Corp shares have dropped approximately -41.71%. Shares of the company reached a 52-week high of $60.88 on 01/06/25 and a 52-week low of $29.77 on 01/08/25. A 50-day SMA is recorded $21.83, while a 200-day SMA reached $10.91. Nevertheless, trading volume fell to 2.37 million shares from 1.47 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 29.13, which, if violated, would cause prices to drop to 26.84. In the upper region, resistance lies at 34.36. The next price resistance is at 37.30. RSI (Relative Strength Index) is 46.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.01, which suggests the price will decrease in the coming days. Percent R is at 86.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
