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A company insider recently sold 3,169 shares of Quantum-Si Incorporated [QSI]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Quantum-Si Incorporated shares valued at $3,790 were sold by Johnston Grace on Jun 24 ’24. At $1.20 per share, Johnston Grace sold 3,169 shares. The insider’s holdings dropped to 295,940 shares worth approximately $0.29 million following the completion of this transaction.

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Also, Johnston Grace sold 4,359 shares, netting a total of over 5,262 in proceeds. Following the sale of shares at $1.21 each, the insider now holds 299,109 shares.

Before that, LaPointe Christian had added 10,000 shares to its account. In a trade valued at $17,400, the General Counsel & Corp. Secr. bought Quantum-Si Incorporated shares for $1.74 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.25 million.

As published in their initiating research note from H.C. Wainwright on December 08, 2023, Quantum-Si Incorporated [QSI] has been a Buy and the price target has been revised to $3. Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late September. As of October 20, 2021, Canaccord Genuity has initiated its “Buy” rating for QSI.

Analyzing QSI Stock Performance

During the last five days, there has been a surge of approximately 15.58%. Over the course of the year, Quantum-Si Incorporated shares have dropped approximately -51.77%. Shares of the company reached a 52-week high of $2.4300 on 03/08/24 and a 52-week low of $0.7320 on 06/26/24. A 50-day SMA is recorded $1.5230, while a 200-day SMA reached $1.6246. Nevertheless, trading volume fell to 0.22 million shares from 1.29 million shares the previous day.

Support And Resistance Levels for Quantum-Si Incorporated (QSI)

According to the 24-hour chart, there is a support level at 0.9329, which, if violated, would cause prices to drop to 0.9097. In the upper region, resistance lies at 0.9867. The next price resistance is at 1.0173. RSI (Relative Strength Index) is 31.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1947, which suggests the price will decrease in the coming days. Percent R is at 73.87%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.

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