In a filing, D-Wave Quantum Inc revealed its 10% Owner PUBLIC SECTOR PENSION INVESTME acquired Company’s shares for reported $244.35 million on Jan 10 ’25. In the deal valued at $6.10 per share,40,057,252 shares were bought.
Then, PUBLIC SECTOR PENSION INVESTME sold 1,000,000 shares, generating $6,678,200 in total proceeds. Upon selling the shares at $6.68, the 10% Owner now owns 0 shares.
Before that, PUBLIC SECTOR PENSION INVESTME bought 1,000,000 shares. D-Wave Quantum Inc shares valued at $6,370,000 were divested by the 10% Owner at a price of $6.37 per share.
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 fall -33.62% to $3.83. Over the last five days, the stock has lost -58.10%. D-Wave Quantum Inc shares have fallen nearly -54.40% since the year began. Nevertheless, the stocks have risen 352.99% over the past one year. While a 52-week high of $11.41 was reached on 01/07/25, a 52-week low of $0.68 was recorded on 01/13/25. SMA at 50 days reached $4.48, while 200 days put it at $2.01.
Levels Of Support And Resistance For QBTS Stock
The 24-hour chart illustrates a support level at 3.39, which if violated will result in even more drops to 2.96. On the upside, there is a resistance level at 4.61. A further resistance level may holdings at 5.40. The Relative Strength Index (RSI) on the 14-day chart is 39.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.83%. Stochastics %K at 13.06% indicates the stock is a buying.
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.
