Mid-Cap Stock Highlights: D-Wave Quantum and IonQ Lead Gainers from March 10-14

In the trading week from March 10 to March 14, a number of mid-cap stocks stood out for their impressive performances. Investors might want to consider whether these stocks are part of their portfolios.

1. D-Wave Quantum Inc. (NYSE: QBTS) saw its stock price soar by 95.95%. This surge came after the company reported a stunning 502% year-on-year increase in its fourth-quarter bookings, totaling $18.3 million.
2. Protagonist Therapeutics, Inc. (NASDAQ: PTGX) experienced a substantial jump of 42.84% following the announcement of topline results from its Phase 2b ANTHEM-UC study. The study on icotrokinra for ulcerative colitis successfully met its primary endpoints across all dosage groups, prompting several analysts to upgrade their price forecasts for the stock.
3. Veren Inc. (NYSE: VRN) saw its shares rise by 24.24% after the company finalized a merger agreement with Whitecap Resources Inc. The all-share transaction is valued at approximately C$15 billion (equivalent to $10.4 billion), factoring in net debt.
4. IonQ Inc. (NYSE: IONQ) shares increased by 21.65%. The company revealed that it has gained or controls nearly 400 granted and pending patents in quantum networking across the globe.
5. Rigetti Computing (NASDAQ: RGTI) exhibited a stock growth of 20%, likely recovering from previous weakness earlier in the week. This sector, in particular, may be benefiting from softer-than-expected inflation data for February.
6. Semtech Corp. (NASDAQ: SMTC) rose by 18.21% after posting better-than-anticipated fourth-quarter financial results, leading several analysts to revise their price targets upward.
7. Orla Mining Ltd. (NYSE: ORLA) increased by 15.52%, contributing to the week’s positive sentiment in the mining sector.
8. Hesai Group (NASDAQ: HSAI) shares went up by 15.45% following the announcement of a multi-year contract with Mercedes-Benz for the supply of Lidar sensors.

This week’s trading has indicated a strong interest in certain mid-cap stocks, especially in sectors that are experiencing significant advancements, such as quantum computing and biotechnology.

Image via D-WAVE

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For those interested in other market movers, there are additional articles highlighting top large-cap gainers and losers for the same time period, providing a broader view of market dynamics.

Investors should continue to analyze their portfolios and consider these emerging opportunities in the stock market.

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