On July 27, D-Wave Quantum Inc. rose 5.34% in pre-market trading, trading at $17.05/share, with turnover of approximately $603,000.
The rise comes as July 27 marks the first trading day for D-Wave Quantum on Nasdaq following its voluntary transfer from the New York Stock Exchange. The company previously announced the listing transfer on July 14, with the move becoming effective after market close on July 24. Shares continue to trade under the existing ticker symbol QBTS. The transfer to Nasdaq is generally viewed as a strategic move for technology-oriented growth companies to enhance valuation visibility among tech-focused investors and index funds.
Notably, the stock experienced a 5.03% decline on July 24, the final day of NYSE trading, as the transition date triggered short-term volatility. The pre-market rebound suggests the market is responding positively to the completed Nasdaq listing, reflecting investor confidence in the companys positioning within the quantum computing sector.
(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.)