D-Wave Quantum (QBTS) Shares Pull Back After Morning Rally, Trading Down Midday

NEW YORK – Shares of quantum computing firm D-Wave Quantum Inc. (NYSE: QBTS) reversed course in midday trading on Wednesday, April 10th, slipping into negative territory after a notable surge earlier in the session.

As of 12:16 PM EDT, D-Wave stock was trading at $7.10 per share on the New York Stock Exchange (NYSE). This price reflected a decline of 1.46%, or $0.11, compared to the previous day’s closing price of $7.21.

The intraday trading activity for QBTS showcased significant volatility. The stock initially dipped near the $6.90 level shortly after the market opened before embarking on a strong rally that pushed shares close to the $7.40 mark mid-morning. However, these gains proved short-lived as the stock gradually pared its advance, eventually falling back below its prior close around lunchtime.

This pullback places D-Wave among the stocks experiencing intraday reversals. Investors are keeping a close eye on the quantum computing sector, and QBTS’s fluctuating performance today highlights the dynamic nature of trading in this emerging technology space. The stock continues to trade off its morning highs as the afternoon session gets underway.