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. QuantumScape Corp shares valued at $186,833 were sold by Hettrich Kevin on Jan 27 ’25. At $5.06 per share, Hettrich Kevin sold 36,949 shares. The insider’s holdings dropped to 1,024,325 shares worth approximately $5.11 million following the completion of this transaction.
Also, Jagdeep Singh purchased 249,960 shares, netting a total of over 1,279,795 in proceeds.
Before that, Singh Mohit had sold 97,305 shares from its account. In a trade valued at $607,310, the CHIEF DEVELOPMENT OFFICER traded QuantumScape Corp shares for $6.24 each. Upon closing the transaction, the insider’s holdings decreased to 97,305 shares, worth approximately $5.45 million.
As published in a research note from HSBC Securities on November 19, 2024, QuantumScape Corp [QS] has been rated up from a Reduce to a Hold and the price target has been revised to $5.30. Earlier on December 18, 2023, William Blair initiated its rating. Their recommendation was “a Mkt perform” for QS stock.
Analyzing QS Stock Performance
During the last five days, there has been a drop of approximately -2.16%. Over the course of the year, QuantumScape Corp shares have dropped approximately -3.85%. Shares of the company reached a 52-week high of $6.94 on 01/07/25 and a 52-week low of $4.92 on 02/03/25. A 50-day SMA is recorded $5.26, while a 200-day SMA reached $5.61. Nevertheless, trading volume fell to 8.08 million shares from 8.74 million shares the previous day.
Support And Resistance Levels for QuantumScape Corp (QS)
According to the 24-hour chart, there is a support level at 4.94, which, if violated, would cause prices to drop to 4.90. In the upper region, resistance lies at 5.07. The next price resistance is at 5.16. RSI (Relative Strength Index) is 43.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 89.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
