In a filing, D-Wave Quantum Inc revealed its 10% Owner PUBLIC SECTOR PENSION INVESTME unloaded Company’s shares for reported $6.68 million on Dec 20 ’24. In the deal valued at $6.68 per share,1,000,000 shares were sold. As a result of this transaction, PUBLIC SECTOR PENSION INVESTME now holds 0 shares worth roughly $0.0.
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Then, PUBLIC SECTOR PENSION INVESTME bought 1,000,000 shares, generating $6,370,000 in total proceeds.
Before that, PUBLIC SECTOR PENSION INVESTME sold 9,292,600 shares. D-Wave Quantum Inc shares valued at $40,137,938 were divested by the 10% Owner at a price of $4.32 per share. As a result of the transaction, PUBLIC SECTOR PENSION INVESTME now holds 9,437,593 shares, worth roughly $76.92 million.
B. Riley Securities initiated its D-Wave Quantum Inc [QBTS] rating to a Buy in a research note published on July 25, 2024; the price target was $3. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Piper Sandler began covering QBTS with “an Overweight” recommendation on October 19, 2022. ROTH Capital started covering the stock on August 30, 2022. It rated QBTS as “a Buy”.
Price Performance Review of QBTS
On Monday, D-Wave Quantum Inc [NYSE:QBTS] saw its stock jump 26.55% to $8.15. Over the last five days, the stock has gained 12.72%. D-Wave Quantum Inc shares have risen nearly 826.03% since the year began. Nevertheless, the stocks have risen 753.85% over the past one year. While a 52-week high of $10.50 was reached on 12/18/24, a 52-week low of $0.68 was recorded on 01/19/24. SMA at 50 days reached $2.75, while 200 days put it at $1.64.
Levels Of Support And Resistance For QBTS Stock
The 24-hour chart illustrates a support level at 7.31, which if violated will result in even more drops to 6.47. On the upside, there is a resistance level at 8.75. A further resistance level may holdings at 9.35. The Relative Strength Index (RSI) on the 14-day chart is 68.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.84%. Stochastics %K at 55.60% 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 2024-10-31, growing by 0.31 million shares to a total of 16.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.79 million shares. There was a rise of 1.94%, which implies that there is a positive sentiment for the stock.
