IonQ Inc [IONQ] Insider Alameddine Rima sells 73,447 Shares

IonQ Inc’s recent filing unveils that its Chief Revenue Officer Alameddine Rima unloaded Company’s shares for reported $0.97 million on Dec 11. In the deal valued at $13.21 per share,73,447 shares were sold. As a result of this transaction, Alameddine Rima now holds 646,553 shares worth roughly $7.22 million.

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Then, Chapman Peter Hume sold 56,152 shares, generating $741,925 in total proceeds. Upon selling the shares at $13.21, the President and CEO now owns 439,748 shares.

Before that, Kramer Thomas G. sold 28,190 shares. IonQ Inc shares valued at $372,480 were divested by the Chief Financial Officer at a price of $13.21 per share. As a result of the transaction, Kramer Thomas G. now holds 869,073 shares, worth roughly $9.7 million.

Craig Hallum reiterated its IonQ Inc [IONQ] rating to a Buy in a research note published on August 11, 2023; the price target was $21.

Price Performance Review of IONQ

On Friday, IonQ Inc [NYSE:IONQ] saw its stock jump 2.39% to $11.16. Over the last five days, the stock has gained 8.67%. IonQ Inc shares have fallen nearly -9.93% since the year began. Nevertheless, the stocks have risen 117.54% over the past one year. While a 52-week high of $21.60 was reached on 01/08/24, a 52-week low of $4.38 was recorded on 02/05/24. SMA at 50 days reached $12.20, while 200 days put it at $12.64. A total of 5.64 million shares were traded, compared to the trading of 12.37 million shares in the previous session.

Levels Of Support And Resistance For IONQ Stock

The 24-hour chart illustrates a support level at 10.86, which if violated will result in even more drops to 10.57. On the upside, there is a resistance level at 11.35. A further resistance level may holdings at 11.55. The Relative Strength Index (RSI) on the 14-day chart is 49.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.10%. Stochastics %K at 48.54% indicates the stock is a holding.

How much short interest is there in IonQ Inc?

A steep rise in short interest was recorded in IonQ Inc stocks on Jan 31, 2024, growing by 1.69 million shares to a total of 45.77 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 44.08 million shares. There was a rise of 3.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 26.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.67.

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