Somewhat Favorable News Coverage Somewhat Unlikely to Impact Qualstar Corporation (QBAK) Stock Price

Media stories about Qualstar Corporation (NASDAQ:QBAK) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qualstar Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media coverage about the electronics maker an impact score of 46.1822485810169 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Qualstar Corporation (NASDAQ:QBAK) opened at 8.21 on Tuesday. Qualstar Corporation has a 52 week low of $2.62 and a 52 week high of $13.20. The company has a 50-day moving average of $7.09 and a 200-day moving average of $5.97. The stock’s market cap is $16.76 million.

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In other Qualstar Corporation news, major shareholder William J. Gervais sold 5,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $6.05, for a total value of $30,250.00. Following the completion of the sale, the insider now owns 324,510 shares of the company’s stock, valued at $1,963,285.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William J. Gervais sold 18,952 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $6.28, for a total transaction of $119,018.56. Following the completion of the sale, the insider now directly owns 319,510 shares of the company’s stock, valued at approximately $2,006,522.80. The disclosure for this sale can be found here. Insiders sold 98,952 shares of company stock valued at $752,769 in the last ninety days. 28.20% of the stock is owned by corporate insiders.

Qualstar Corporation Company Profile

Qualstar Corporation is a provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The Company’s segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies.

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