D-Wave Quantum Inc. is trading 5.6% down at $24.79 as shares consolidate following a sharp 12.37% rally driven by its inaugural analyst day.
- The stock climbed from $23.37 to $26.26 on June 15 after the company's first analyst day and a Mizuho price-target hike to $35.
- Mizuho maintains an Outperform rating on the stock, contributing to the recent event-driven momentum.
- With no new company-specific headlines today, the current price action reflects a natural pullback after yesterday's significant gains.