Is a Correction Looming Ahead? Qumu Corporation (QUMU)

 Is a Correction Looming Ahead? Qumu Corporation (QUMU)

Qumu Corporation (NASDAQ:QUMU) went up by 30.42% from its latest closing price when compared to the 1-year high value of $4.66 and move down -48.88%, while QUMU stocks collected +31.02% of gains with the last five trading sessions. Press Release reported 18 hours ago that Synacor and Qumu Announce Mutual Termination of Merger Agreement

Qumu Corporation (NASDAQ:QUMU) Worth an Investment?

Qumu Corporation (NASDAQ: QUMU) The 36 Months beta value for QUMU stocks is at 1.04, while of the analysts out of 0 who provided ratings for Qumu Corporation stocks as a “buy” while as overweight, rated it as hold and as sell. QUMU currently has a short float of 0.16% and public float of 11.72M with average trading volume of 200.15K shares.

QUMU Market Performance

QUMU stocks went up by 5.73% for the week, with the monthly drop of -2.44% and a quarterly performance of 75.18%, while its annual performance rate touched -35.31%. The simple moving average for the period of the last 20 days is 35.51% for QUMU stocks with the simple moving average of 29.81% for the last 200 days.

QUMU Stocks 32.40% Far from 50 Day Moving Average

After a stumble in the market that brought QUMU to its low price for the period of the last 52 weeks, Qumu Corporation was unable to take a rebound, for now settling with -32.80% of loss for the given period.

The stock volatility was left at 7.31%, however, within the period of a single month, the volatility rate increased by 7.59%, while the shares surge at the distance of +44.59% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +45.91% upper at the present time.

In the course of the last 5 trading sessions, QUMU went up by +31.02%, which changed the moving average for the period of 200 days to the total of +3.88% of gains for the stock in comparison to the 20-day moving average settled at $2.36. In addition, Qumu Corporation saw -8.05% in overturn over the period of a single year with a tendency to cut further losses.

QUMU Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Qumu Corporation (QUMU), starting from Harbert Discovery Fund, LP, who bought 100,000 shares at the price of $2.50 back on Nov 07. After this action, Rushing now owns 1,392,522 shares of Qumu Corporation, valued at $250,000 with the latest closing price.

HOROWITZ EDWARD D, the Director of Qumu Corporation, bought 10,000 shares at the value of $2.50 during a trade that took place back on Nov 07, which means that HOROWITZ EDWARD D is holding 10,000 shares at the value of $25,000 based on the most recent closing price.

An article written by Denise Gardner on newsheater.com

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