Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. IonQ Inc shares valued at $180,120 were purchased by RIMA ALAMEDDINE & ZIAD ALAMED on Oct 23 ’24. At $15.01 per share, RIMA ALAMEDDINE & ZIAD ALAMED acquired 12,000 shares.
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Also, Alameddine Rima sold 9,875 shares, netting a total of over 115,735 in proceeds. Following the sale of shares at $11.72 each, the insider now holds 638,908 shares.
Before that, Alameddine Rima had sold 11,375 shares from its account. In a trade valued at $156,065, the Chief Revenue Officer traded IonQ Inc shares for $13.72 each. Upon closing the transaction, the insider’s holdings decreased to 11,375 shares, worth approximately $9.86 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 surge of approximately 25.68%. Over the course of the year, IonQ Inc shares have jumped approximately 26.80%. Shares of the company reached a 52-week high of $16.14 on 10/24/24 and a 52-week low of $6.22 on 08/05/24. A 50-day SMA is recorded $8.92, while a 200-day SMA reached $8.93. Nevertheless, trading volume fell to 21.95 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 14.81, which, if violated, would cause prices to drop to 13.92. In the upper region, resistance lies at 16.37. The next price resistance is at 17.04. RSI (Relative Strength Index) is 82.41 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.13, which suggests the price will increase in the coming days. Percent R is at 5.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
