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Recent Insider Activity Suggests Potential Gains for Quantum-Si Incorporated (QSI)

Quantum-Si Incorporated’s recently made public that its Chief Product Officer Vieceli John S. unloaded Company’s shares for reported $2073.0 on Sep 23 ’24. In the deal valued at $0.95 per share,2,192 shares were sold. As a result of this transaction, Vieceli John S. now holds 166,916 shares worth roughly $0.27 million.

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Then, Vieceli John S. sold 2,117 shares, generating $1,970 in total proceeds. Upon selling the shares at $0.93, the Chief Product Officer now owns 164,799 shares.

Before that, Hawkins Jeffrey Alan bought 25,000 shares. Quantum-Si Incorporated shares valued at $21,272 were divested by the President & CEO at a price of $0.85 per share. As a result of the transaction, Hawkins Jeffrey Alan now holds 1,003,757 shares, worth roughly $1.63 million.

H.C. Wainwright initiated its Quantum-Si Incorporated [QSI] rating to a Buy in a research note published on December 08, 2023; the price target was $3. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Canaccord Genuity began covering QSI with “Buy” recommendation on October 20, 2021.

Price Performance Review of QSI

On Friday, Quantum-Si Incorporated [NASDAQ:QSI] saw its stock jump 33.88% to $1.62. Over the last five days, the stock has gained 120.62%. Quantum-Si Incorporated shares have fallen nearly -19.40% since the year began. Nevertheless, the stocks have risen 6.58% over the past one year. While a 52-week high of $2.43 was reached on 03/08/24, a 52-week low of $0.61 was recorded on 11/19/24. SMA at 50 days reached $0.8706, while 200 days put it at $1.2833.

Levels Of Support And Resistance For QSI Stock

The 24-hour chart illustrates a support level at 1.2900, which if violated will result in even more drops to 0.9600. On the upside, there is a resistance level at 1.8300. A further resistance level may holdings at 2.0400. The Relative Strength Index (RSI) on the 14-day chart is 71.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.4647, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.13%. Stochastics %K at 62.18% indicates the stock is a holding.

How much short interest is there in Quantum-Si Incorporated?

A steep rise in short interest was recorded in Quantum-Si Incorporated stocks on 2024-10-31, dropping by -0.2 million shares to a total of 5.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.1 million shares. There was a decline of -3.34%, which implies that there is a negative sentiment for the stock.

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