On June 15, D-Wave Quantum rose 7.62% in regular trading, trading at $26.55/share, with turnover of approximately $103 million.

On the news front, the stock is extending an oversold rebound after accumulating over 20% in losses during June. The prior selloff was driven by multiple headwinds including Quantinuum's Nasdaq listing triggering a capital siphoning effect across the quantum computing sector, CEO Alan Baratz's disclosure of plans to sell 687,627 shares worth approximately $17.95 million at an average price of $26.13, and a sharp Q1 revenue decline of approximately 81% year-over-year to roughly $2.86 million while operating expenses doubled to $56.5 million.

Following consecutive sharp declines, selling pressure appears to have been largely exhausted. Additionally, Rosenblatt Securities maintained a Buy rating on June 11 with a $43 price target, providing further support for the recovery. The broader quantum computing sector also saw strength, with IONQ previously rising over 10% and Rigetti Computing gaining over 8% during the rebound phase.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)