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. has seen a notable rise in stock activity, primarily driven by a surge in options trading. The trading of 80,309 call options, which is four times the usual volume, has led to a 16-point increase in implied volatility. This heightened activity, particularly in weekly calls at $15 and $12 strike prices, suggests a bullish market sentiment, as indicated by a low Put/Call Ratio of 0.19. The excitement is fueled by an upcoming earnings report and a significant quantum breakthrough, alongside a remarkable 507% revenue increase. Despite a slight recent dip in share price, closing near $10.78, the market remains optimistic about the company’s technological and financial advancements.
More about D-Wave Quantum
YTD Price Performance: 27.47%
Average Trading Volume: 63,877,850
Technical Sentiment Signal: Buy
Current Market Cap: $3.58B
For further insights into QBTS stock on TipRanks’ Stock Analysis page.
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