D-Wave Quantum Inc [QBTS] Stock sold by Insider Nguyen Diane for $22855.0

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D-Wave Quantum Inc’s recent filing unveils that its General Counsel Nguyen Diane unloaded Company’s shares for reported $22855.0 on Oct 16 ’23. In the deal valued at $1.00 per share,22,855 shares were sold. As a result of this transaction, Nguyen Diane now holds 254,643 shares worth roughly $0.56 million.

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Then, Michael Emil sold 29,021 shares, generating $53,892 in total proceeds. Upon selling the shares at $1.86, the Director now owns 36,353 shares.

Before that, Brydon Victoria sold 15,000 shares. D-Wave Quantum Inc shares valued at $35,850 were divested by the insider at a price of $2.39 per share. As a result of the transaction, Brydon Victoria now holds 332,800 shares, worth roughly $0.74 million.

Piper Sandler initiated its D-Wave Quantum Inc [QBTS] rating to an Overweight in a research note published on October 19, 2022; the price target was $12. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating.

Price Performance Review of QBTS

On Tuesday, D-Wave Quantum Inc [NYSE:QBTS] saw its stock jump 20.11% to $2.21. Over the last five days, the stock has gained 62.50%. D-Wave Quantum Inc shares have risen nearly 151.11% since the year began. Nevertheless, the stocks have risen 254.96% over the past one year. While a 52-week high of $3.20 was reached on 03/12/24, a 52-week low of $0.40 was recorded on 01/19/24. SMA at 50 days reached $1.2300, while 200 days put it at $1.3200. A total of 9.72 million shares were traded, compared to the trading of 8.0 million shares in the previous session.

Levels Of Support And Resistance For QBTS Stock

The 24-hour chart illustrates a support level at 1.9400, which if violated will result in even more drops to 1.6700. On the upside, there is a resistance level at 2.3600. A further resistance level may holdings at 2.5100. The Relative Strength Index (RSI) on the 14-day chart is 66.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1800, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.16%. Stochastics %K at 76.61% indicates the stock is a holding.

How much short interest is there in D-Wave Quantum Inc?

A steep rise in short interest was recorded in D-Wave Quantum Inc stocks on Feb 29, 2024, growing by 4.65 million shares to a total of 9.19 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.54 million shares. There was a rise of 50.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.71.

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