D - Wave Quantum (NASDAQ: QBTS) Stock Price Down 1. 1% Following Analyst Downgrade

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report) were down 1.1% on Wednesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $18.92 and last traded at $19.32. Approximately 13,027,515 shares were traded during mid-day trading, a decline of 55% from the average session volume of 28,960,445 shares. The stock had previously closed at $19.53. Several other research analysts have also recently commented on the company. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price…