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.’s stock experienced a decline, attributed to mixed options sentiment and a significant drop in implied volatility. The options market showed a put/call ratio of 0.33, suggesting a higher demand for calls over puts. This shift comes after analysts reassessed the stock’s potential, noting the company’s recent strategic moves that have piqued interest but also heightened the need for downside protection, as seen in the increased put-call skew. These factors, combined with overall market conditions, have led to a more cautious investor outlook.
More about D-Wave Quantum
YTD Price Performance: 66.60%
Average Trading Volume: 66,442,234
Technical Sentiment Signal: Buy
Current Market Cap: $5.12B
For further insights into QBTS stock on TipRanks’ Stock Analysis page.
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