Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. IonQ Inc shares valued at $300,281 were sold by Chapman Peter Hume on Mar 11 ’24. At $10.20 per share, Chapman Peter Hume sold 29,452 shares. The insider’s holdings dropped to 451,233 shares worth approximately $3.72 million following the completion of this transaction.
Also, Alameddine Rima sold 27,212 shares, netting a total of over 277,443 in proceeds. Following the sale of shares at $10.20 each, the insider now holds 697,647 shares.
Before that, Kramer Thomas G. had sold 19,672 shares from its account. In a trade valued at $200,568, the CHIEF FINANCIAL OFFICER traded IonQ Inc shares for $10.20 each. Upon closing the transaction, the insider’s holdings decreased to 19,672 shares, worth approximately $7.86 million.
As published in a research note from Craig Hallum on August 11, 2023, IonQ Inc [IONQ] has been retained to a Buy and the price target has been revised to $21. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in late April. As of June 08, 2022, Needham has initiated its “Buy” rating for IONQ. Earlier on November 22, 2021, Goldman initiated its rating. Their recommendation was “a Neutral” for IONQ stock.
Analyzing IONQ Stock Performance
During the last five days, there has been a drop of approximately -9.65%. Over the course of the year, IonQ Inc shares have dropped approximately -33.49%. Shares of the company reached a 52-week high of $12.73 on 01/08/24 and a 52-week low of $7.94 on 04/10/24. A 50-day SMA is recorded $10.01, while a 200-day SMA reached $12.92. Nevertheless, trading volume fell to 4.03 million shares from 12.37 million shares the previous day.
Support And Resistance Levels for IonQ Inc (IONQ)
According to the 24-hour chart, there is a support level at 8.01, which, if violated, would cause prices to drop to 7.77. In the upper region, resistance lies at 8.43. The next price resistance is at 8.61. RSI (Relative Strength Index) is 36.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 86.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is IonQ Inc subject to short interest?
Stocks of IonQ Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -3.77 million shares to 42.49 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 46.26 million shares. A decline of -8.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.45 of the overall float, the days-to-cover ratio (short ratio) decline to 4.45.
