William J. Gervais Sells 25,000 Shares of Qualstar Corporation (NASDAQ:QBAK) Stock
Qualstar Corporation (NASDAQ:QBAK) major shareholder William J. Gervais sold 25,000 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $9.26, for a total transaction of $231,500.00. Following the sale, the insider now directly owns 250,558 shares of the company’s stock, valued at approximately $2,320,167.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Qualstar Corporation (NASDAQ QBAK) traded down 8.83% during midday trading on Wednesday, reaching $10.63. 512,646 shares of the company traded hands. The firm has a 50-day moving average price of $6.10 and a 200-day moving average price of $5.47. The firm’s market capitalization is $21.71 million. Qualstar Corporation has a one year low of $2.62 and a one year high of $13.20.
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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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