D-Wave Quantum Inc’s filing revealed that its 10% Owner PUBLIC SECTOR PENSION INVESTME unloaded Company’s shares for reported $43.46 million on Jan 14 ’25. In the deal valued at $4.52 per share,9,615,306 shares were sold. As a result of this transaction, PUBLIC SECTOR PENSION INVESTME now holds 20,384,694 shares worth roughly $128.22 million.
Then, PUBLIC SECTOR PENSION INVESTME sold 7,278,688 shares, generating $29,605,110 in total proceeds. Upon selling the shares at $4.07, the 10% Owner now owns 30,000,000 shares.
Before that, PUBLIC SECTOR PENSION INVESTME sold 2,778,564 shares. D-Wave Quantum Inc shares valued at $17,073,998 were divested by the 10% Owner at a price of $6.14 per share. As a result of the transaction, PUBLIC SECTOR PENSION INVESTME now holds 37,278,688 shares, worth roughly $234.48 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 Tuesday, D-Wave Quantum Inc [NYSE:QBTS] saw its stock jump 19.35% to $6.29. Over the last five days, the stock has gained 64.23%. D-Wave Quantum Inc shares have fallen nearly -25.12% since the year began. Nevertheless, the stocks have risen 790.56% 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 $4.93, while 200 days put it at $2.10.
Levels Of Support And Resistance For QBTS Stock
The 24-hour chart illustrates a support level at 5.67, which if violated will result in even more drops to 5.05. On the upside, there is a resistance level at 6.62. A further resistance level may holdings at 6.95. The Relative Strength Index (RSI) on the 14-day chart is 49.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.72%. Stochastics %K at 25.73% 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.
