Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. D-Wave Quantum Inc shares valued at $62,887 were sold by Michael Emil on Jun 04 ’24. At $1.26 per share, Michael Emil sold 49,910 shares. The insider’s holdings dropped to 887,138 shares worth approximately $1.02 million following the completion of this transaction.
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Also, Michael Emil sold 25,675 shares, netting a total of over 34,761 in proceeds. Following the sale of shares at $1.35 each, the insider now holds 937,048 shares.
Before that, Michael Emil had sold 36,353 shares from its account. In a trade valued at $47,379, the Director traded D-Wave Quantum Inc shares for $1.30 each. Upon closing the transaction, the insider’s holdings decreased to 36,353 shares, worth approximately $1.11 million.
As published in their initiating research note from Needham on April 08, 2024, D-Wave Quantum Inc [QBTS] has been a Buy and the price target has been revised to $2.50. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid October. As of August 30, 2022, ROTH Capital has initiated its “Buy” rating for QBTS.
Analyzing QBTS Stock Performance
During the last five days, there has been a surge of approximately 0.88%. Over the course of the year, D-Wave Quantum Inc shares have jumped approximately 30.67%. Shares of the company reached a 52-week high of $2.4400 on 03/13/24 and a 52-week low of $0.6813 on 01/19/24. A 50-day SMA is recorded $1.3150, while a 200-day SMA reached $1.2143. Nevertheless, trading volume fell to 3.56 million shares from 3.6 million shares the previous day.
Support And Resistance Levels for D-Wave Quantum Inc (QBTS)
According to the 24-hour chart, there is a support level at 1.0767, which, if violated, would cause prices to drop to 1.0033. In the upper region, resistance lies at 1.1867. The next price resistance is at 1.2233. RSI (Relative Strength Index) is 44.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0429, which suggests the price will decrease in the coming days. Percent R is at 45.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
