Qualstar Corp (QBAK) Files Form 4 Insider Selling : Lloyd I Iii Miller Sells 11,119 Shares

Qualstar Corp (QBAK): Lloyd I Iii Miller , 10% owner of Qualstar Corp sold 11,119 shares on Jul 20, 2016. The Insider selling transaction was reported by the company on Jul 21, 2016 to the Securities and Exchange Commission. The shares were sold at $5.20 per share for a total value of $57,818.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 20, 2016, Lloyd I Iii Miller (10% owner) sold 1,300 shares at $5.25 per share price.On Jul 7, 2016, William J Gervais (10% owner) sold 20,000 shares at $3.85 per share price.Also, On Mar 4, 2016, Asset Holdings, Inc. Bkf (CEO) purchased 187,266 shares at $0.66 per share price.On Feb 4, 2016, David John Wolenski (director) purchased 5,000 shares at $0.80 per share price.

Qualstar Corporation: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in Qualstar Corporation which led to swings in the share price. The shares opened for trading at $4.9 and hit $5.25 on the upside , eventually ending the session at $5, with a gain of 3.73% or 0.18 points. The heightened volatility saw the trading volume jump to 78,031 shares. The 52-week high of the share price is $10.739978 and the company has a market cap of $10 M . The 52-week low of the share price is at $2.160595.

Qualstar Corporation Money Flow Index Chart

Qualstar Corporation is a provider of power solutions and data storage systems. The Company markets its products under the N2Power and the Qualstar brand names. It has two segments: data storage and power supplies. The data storage segment designs develops manufactures and markets automated tape libraries used to store retrieve and manage electronic data. Its power supplies segment designs develops manufactures and markets its power solution products to convert regulate purify manage or distribute electrical power for electronic equipment. It offers its data storage products to storage reseller channel storage original equipment manufacturer (OEM) channel and N2Power OEM channel. The Company offers its data storage products in Americas including Mexico the United States Canada and South America; EMEA (Europe Middle East and Africa) and APAC (Asia Pacific). It manufactures its storage products at its factory in Simi Valley California.

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