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. Quantum-Si Incorporated shares valued at $2,073 were sold by Vieceli John S. on Sep 23 ’24. At $0.95 per share, Vieceli John S. sold 2,192 shares. The insider’s holdings dropped to 166,916 shares worth approximately $0.23 million following the completion of this transaction.
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Also, Vieceli John S. sold 2,117 shares, netting a total of over 1,970 in proceeds. Following the sale of shares at $0.93 each, the insider now holds 164,799 shares.
Before that, Hawkins Jeffrey Alan had added 25,000 shares to its account. In a trade valued at $21,272, the President & CEO bought Quantum-Si Incorporated shares for $0.85 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $1.4 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 75.66%. Over the course of the year, Quantum-Si Incorporated shares have dropped approximately -30.85%. Shares of the company reached a 52-week high of $2.4300 on 03/08/24 and a 52-week low of $0.6121 on 11/19/24. A 50-day SMA is recorded $0.8504, while a 200-day SMA reached $1.2835. Nevertheless, trading volume fell to 280.86 million shares from 1.4 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 1.1233, which, if violated, would cause prices to drop to 0.8567. In the upper region, resistance lies at 1.7733. The next price resistance is at 2.1567. RSI (Relative Strength Index) is 72.30 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0458, which suggests the price will decrease in the coming days. Percent R is at 39.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
