Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.92 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Michael Emil sold 36,353 shares, netting a total of over 47,379 in proceeds. Following the sale of shares at $1.30 each, the insider now holds 962,723 shares.
Before that, Michael Emil had sold 25,675 shares from its account. In a trade valued at $34,761, the Director traded D-Wave Quantum Inc shares for $1.35 each. Upon closing the transaction, the insider’s holdings decreased to 25,675 shares, worth approximately $0.97 million.
As published in their initiating research note from B. Riley Securities on July 25, 2024, D-Wave Quantum Inc [QBTS] has been a Buy and the price target has been revised to $3. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of October 19, 2022, Piper Sandler has initiated its “an Overweight” rating for QBTS. Earlier on August 30, 2022, ROTH Capital initiated its rating. Their recommendation was “a Buy” for QBTS stock.
Analyzing QBTS Stock Performance
During the last five days, there has been a surge of approximately 16.45%. Over the course of the year, D-Wave Quantum Inc shares have jumped approximately 18.17%. 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 $0.9570, while a 200-day SMA reached $1.2510. Nevertheless, trading volume fell to 4.68 million shares from 10.53 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 1.0067, which, if violated, would cause prices to drop to 0.9733. In the upper region, resistance lies at 1.0767. The next price resistance is at 1.1133. RSI (Relative Strength Index) is 58.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0630, which suggests the price will decrease in the coming days. Percent R is at 29.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
