Mid-Cap Stock Highlights: D-Wave Quantum and IonQ Lead Gains

In the past week, several mid-cap stocks have shown significant gains, capturing the attention of investors. Here are some of the standout performers that may interest you.

1. D-Wave Quantum Inc. (NYSE: QBTS) experienced a remarkable surge, with its stock price jumping 95.95% following the announcement of a staggering 502% year-over-year increase in fourth-quarter bookings, totaling $18.3 million.
2. Protagonist Therapeutics, Inc. (NYSE: PTGX) saw its stock increase by 42.84% after revealing positive topline results from its Phase 2b ANTHEM-UC study of icotrokinra aimed at treating ulcerative colitis. The study successfully met its primary endpoint across all evaluated dosage groups, prompting several analysts to raise the stock's price forecast.
3. Veren Inc. (NYSE: VRN) shares rose 24.24% after the company finalized a merger deal with Whitecap Resources Inc. in an all-share transaction valued at approximately C$15 billion (about $10.4 billion, including net debt).
4. IonQ Inc. (NYSE: IONQ) saw its stock climb 21.65%. The growth was attributed to the announcement that the company now owns or controls nearly 400 granted and pending quantum networking patents in multiple countries.
5. Rigetti Computing (NYSE: RGTI) shares increased by 20%, likely rebounding after earlier declines during the week. This uptick appears to be influenced by recent softer inflation data for February.
6. Semtech Corp. (NYSE: SMTC) reported a 18.21% rise in stock price following the release of better-than-expected financial results for the fourth quarter. This positive news led analysts to revise their price targets for the stock.
7. Orla Mining Ltd. (NYSE: ORLA) experienced a stock increase of 15.52%.
8. Hesai Group (NYSE: HSAI) saw its shares rise 15.45% after securing a multi-year agreement with Mercedes-Benz to supply advanced Lidar sensors.

Image via D-WAVE

What’s Next?

Investors should continue monitoring these stocks as market dynamics shift. Access to new market-moving charts daily that feature stocks with clear technical signals can be invaluable for identifying future opportunities.

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