D-Wave Quantum ( (QBTS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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D-Wave Quantum Inc. stocks have been on a bullish trend, driven by a surge in options trading activity, particularly call options, resulting in a low put/call ratio of 0.22. This activity indicates positive market sentiment and expectations of significant price movement, likely fueled by recent advancements in the quantum computing sector and increased investments in quantum technology. Analysts are likely revising their price targets upwards in response to these developments.
More about D-Wave Quantum
YTD Price Performance: 75.96%
Average Trading Volume: 67,410,543
Technical Sentiment Signal: Buy
Current Market Cap: $5.05B
For further insights into QBTS stock on TipRanks’ Stock Analysis page.
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