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Examining the Potential Price Growth of IonQ Inc (IONQ)

IonQ Inc’s recently made public that its PRESIDENT AND CEO Chapman Peter Hume unloaded Company’s shares for reported $0.3 million on Mar 11 ’24. In the deal valued at $10.20 per share,29,452 shares were sold. As a result of this transaction, Chapman Peter Hume now holds 451,233 shares worth roughly $3.86 million.

Then, Alameddine Rima sold 27,212 shares, generating $277,443 in total proceeds. Upon selling the shares at $10.20, the CHIEF REVENUE OFFICER now owns 697,647 shares.

Before that, Kramer Thomas G. sold 19,672 shares. IonQ Inc shares valued at $200,568 were divested by the CHIEF FINANCIAL OFFICER at a price of $10.20 per share. As a result of the transaction, Kramer Thomas G. now holds 954,224 shares, worth roughly $8.16 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. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late April with a ‘”an Equal-weight”‘ rating. Needham began covering IONQ with “Buy” recommendation on June 08, 2022. Goldman started covering the stock on November 22, 2021. It rated IONQ as “a Neutral”.

Price Performance Review of IONQ

On Tuesday, IonQ Inc [NYSE:IONQ] saw its stock fall -4.15% to $8.55. Over the last five days, the stock has gained 7.28%. IonQ Inc shares have fallen nearly -30.99% since the year began. Nevertheless, the stocks have risen 55.17% over the past one year. While a 52-week high of $21.60 was reached on 01/08/24, a 52-week low of $5.29 was recorded on 04/19/24. SMA at 50 days reached $9.31, while 200 days put it at $12.56. A total of 3.75 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 8.45, which if violated will result in even more drops to 8.34. On the upside, there is a resistance level at 8.73. A further resistance level may holdings at 8.90. The Relative Strength Index (RSI) on the 14-day chart is 49.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.65%. Stochastics %K at 87.25% indicates the stock is a selling.

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