Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. IonQ Inc shares valued at $634,377 were sold by Alameddine Rima on Dec 11 ’24. At $29.73 per share, Alameddine Rima sold 21,337 shares. The insider’s holdings dropped to 571,321 shares worth approximately $24.62 million following the completion of this transaction.
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Also, Kramer Thomas G. sold 9,780 shares, netting a total of over 290,633 in proceeds. Following the sale of shares at $29.72 each, the insider now holds 926,114 shares.
Before that, Chapman Peter Hume had sold 13,106 shares from its account. In a trade valued at $389,660, the President and CEO traded IonQ Inc shares for $29.73 each. Upon closing the transaction, the insider’s holdings decreased to 13,106 shares, worth approximately $17.86 million.
As published in their initiating research note from DA Davidson on December 19, 2024, IonQ Inc [IONQ] has been a Buy and the price target has been revised to $50. Analysts at Craig Hallum resumed the stock at ‘”a Buy”‘ outlook in a report released in mid August. As of April 26, 2023, Morgan Stanley has initiated its “an Equal-weight” rating for IONQ. Earlier on June 08, 2022, Needham initiated its rating. Their recommendation was “a Buy” for IONQ stock.
Analyzing IONQ Stock Performance
During the last five days, there has been a drop of approximately -3.32%. Over the course of the year, IonQ Inc shares have jumped approximately 3.18%. Shares of the company reached a 52-week high of $43.79 on 01/02/25 and a 52-week low of $38.46 on 01/02/25. A 50-day SMA is recorded $29.79, while a 200-day SMA reached $13.64. Nevertheless, trading volume fell to 22.86 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 39.78, which, if violated, would cause prices to drop to 36.45. In the upper region, resistance lies at 45.11. The next price resistance is at 47.11. RSI (Relative Strength Index) is 58.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.77, which suggests the price will increase in the coming days. Percent R is at 27.83%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
