Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Quantum Corp shares valued at $89,592 were sold by Lerner James J on Jan 16 ’25. At $35.68 per share, Lerner James J sold 2,511 shares. The insider’s holdings dropped to 107,804 shares worth approximately $2.42 million following the completion of this transaction.
Also, Spanjaard Henk Jan sold 935 shares, netting a total of over 33,361 in proceeds. Following the sale of shares at $35.68 each, the insider now holds 14,903 shares.
Before that, Gianella Kenneth P. had sold 1,487 shares from its account. In a trade valued at $53,056, the Chief Financial Officer traded Quantum Corp shares for $35.68 each. Upon closing the transaction, the insider’s holdings decreased to 1,487 shares, worth approximately $0.76 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 -37.22%. Over the course of the year, Quantum Corp shares have dropped approximately -58.36%. Shares of the company reached a 52-week high of $60.88 on 01/06/25 and a 52-week low of $19.31 on 01/13/25. A 50-day SMA is recorded $28.47, while a 200-day SMA reached $12.14. Nevertheless, trading volume fell to 1.05 million shares from 1.49 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 21.12, which, if violated, would cause prices to drop to 19.78. In the upper region, resistance lies at 24.69. The next price resistance is at 26.92. RSI (Relative Strength Index) is 41.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.47, which suggests the price will decrease in the coming days. Percent R is at 85.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
