In a filing, Quantum Corp revealed its 10% Owner PACIFIC INVESTMENT MANAGEMENT unloaded Company’s shares for reported $14.04 million on Jan 03 ’25. In the deal valued at $61.52 per share,228,195 shares were sold. As a result of this transaction, PACIFIC INVESTMENT MANAGEMENT now holds 525,994 shares worth roughly $10.99 million.
Then, Gianella Kenneth P. sold 2,590 shares, generating $11,474 in total proceeds. Upon selling the shares at $4.43, the Chief Financial Officer now owns 33,910 shares.
Before that, Spanjaard Henk Jan sold 394 shares. Quantum Corp shares valued at $1,745 were divested by the Chief Revenue Officer at a price of $4.43 per share. As a result of the transaction, Spanjaard Henk Jan now holds 15,662 shares, worth roughly $0.33 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 Monday, Quantum Corp [NASDAQ:QMCO] saw its stock fall -23.92% to $20.90. Over the last five days, the stock has lost -61.60%. Quantum Corp shares have fallen nearly -61.24% since the year began. Nevertheless, the stocks have risen 259.11% over the past one year. While a 52-week high of $90.64 was reached on 01/06/25, a 52-week low of $2.22 was recorded on 01/13/25. SMA at 50 days reached $22.58, while 200 days put it at $11.03.
Levels Of Support And Resistance For QMCO Stock
The 24-hour chart illustrates a support level at 18.47, which if violated will result in even more drops to 16.04. On the upside, there is a resistance level at 24.17. A further resistance level may holdings at 27.44. The Relative Strength Index (RSI) on the 14-day chart is 40.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.77%. Stochastics %K at 5.44% indicates the stock is a buying.
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.
