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 $27,536 were sold by Gianella Kenneth P. on Feb 03 ’25. At $21.53 per share, Gianella Kenneth P. sold 1,279 shares. The insider’s holdings dropped to 32,402 shares worth approximately $0.39 million following the completion of this transaction.
Also, Lerner James J sold 2,511 shares, netting a total of over 89,592 in proceeds. Following the sale of shares at $35.68 each, the insider now holds 107,804 shares.
Before that, Spanjaard Henk Jan had sold 935 shares from its account. In a trade valued at $33,361, the Chief Revenue Officer traded Quantum Corp shares for $35.68 each. Upon closing the transaction, the insider’s holdings decreased to 935 shares, worth approximately $0.18 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 -27.13%. Over the course of the year, Quantum Corp shares have dropped approximately -77.84%. Shares of the company reached a 52-week high of $60.88 on 01/06/25 and a 52-week low of $11.87 on 02/27/25. A 50-day SMA is recorded $30.83, while a 200-day SMA reached $13.05. Nevertheless, trading volume fell to 0.56 million shares from 0.48 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 11.28, which, if violated, would cause prices to drop to 10.61. In the upper region, resistance lies at 13.21. The next price resistance is at 14.47. RSI (Relative Strength Index) is 34.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.46, which suggests the price will decrease in the coming days. Percent R is at 99.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
