The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. IonQ Inc shares valued at $103,589 were purchased by RIMA ALAMEDDINE & ZIAD ALAMED on Oct 16 ’24. At $10.49 per share, RIMA ALAMEDDINE & ZIAD ALAMED acquired 9,875 shares.
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Also, Alameddine Rima sold 9,159 shares, netting a total of over 98,184 in proceeds. Following the sale of shares at $10.72 each, the insider now holds 648,783 shares.
Before that, Alameddine Rima had sold 716 shares from its account. In a trade valued at $7,676, the Chief Revenue Officer traded IonQ Inc shares for $10.72 each. Upon closing the transaction, the insider’s holdings decreased to 716 shares, worth approximately $8.09 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 surge of approximately 28.93%. Over the course of the year, IonQ Inc shares have dropped approximately -0.73%. Shares of the company reached a 52-week high of $12.73 on 01/08/24 and a 52-week low of $6.22 on 08/05/24. A 50-day SMA is recorded $8.05, while a 200-day SMA reached $8.86. Nevertheless, trading volume fell to 17.04 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 11.22, which, if violated, would cause prices to drop to 10.14. In the upper region, resistance lies at 12.86. The next price resistance is at 13.43. RSI (Relative Strength Index) is 74.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.45, which suggests the price will increase in the coming days. Percent R is at 1.03%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
