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’s stock experienced a downturn due to significant insider selling by Director Steven M. West, who offloaded 144,000 shares following mixed Q2 results. The company reported a larger-than-expected loss, despite revenue surpassing estimates, which has heightened investor scrutiny. Nevertheless, the stock retains a Strong Buy rating, suggesting notable upside potential.
More about D-Wave Quantum
YTD Price Performance: 72.32%
Average Trading Volume: 62,276,362
Technical Sentiment Signal: Buy
Current Market Cap: $5.82B
For further insights into QBTS stock on TipRanks’ Stock Analysis page.
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