Traders Insights: Stocks Making Moves After Announcing News: REUN, WLDS, SPRC, QBTS

June 05 19:04 2023

There are certain stocks that may fly under the radar sometimes but could easily help investors in making considerable returns in a fair short span of time. For instance, every day investors look into stocks that may be trading under $2 a share. On Thursday, there were a number of stocks under that price threshold that had managed to deliver significant gains. Here is a look at four such stocks which you may consider tracking today.

Reunion Neuroscience Inc (NASDAQ:REUN) – On Thursday, the Reunion Neuroscience Inc stock was one of the more notable movers as it ended the day with gains of as much as 58% amidst heavy interest.

The company came into focus on Thursday after it announced that it had gone into a definitive agreement with MPM BioImpact, by way of which the latter would acquire the former in an all-cash deal worth $13.1 million. The agreement had been reached on May 31, 2023, with MPM BioImpact, a leading biotech investment firm. Each shareholder who held a share in Reunion prior to the agreement would be entitled to a cash pay-out of $1.12 for each share.

Wearable Devices Ltd (NASDAQ:WLDS) – The technology company, which is involved in the development of artificial intelligence-backed touchless sensing devices saw its stock soar by 35.50% yesterday.

The company gained the attention of investors after it announced that it had started the manufacturing of its anticipated Mudra Brand that would be used in the Apple Watch. The company has experienced a surge in demand for its products in recent times and it had already received thousands of preorders from customers from all over the world. It would be interesting to see if the stock can maintain its momentum today or not.

SciSparc Ltd (NASDAQ:SPRC) – The specialty clinical-stage pharmaceutical firm SciSparc Ltd was in significant focus yesterday and its stock ended up with gains of as much as 24%. On 30 May the company announced that it appointed a new Vice President of Strategy and Business Development in the form of YakiBaranes.

The appointment was a part of the company’s strategy to restructure the company for unlocking more value for its shareholders. Baranes would be responsible for structuring business strategies and also help in the identification of new business strategies. He is a business strategy expert with a proven track record of excellence spanning 13 years.

D-Wave Quantum Inc (NYSE:QBTS) – Another stock in this category that recorded significant gains On Thursday was D-Wave Quantum Inc which ended up with gains of as much as 20%. The quantum computing systems, services, and software company announced yesterday that it had gone into a partnership with Interpublic Group.

Interpublic is one of the leading global advertising and marketing services companies. The two would work on quantum computing applications which fuel innovation in strategy and marketing investment spaces. The two companies would also collaborate on the research and development activities related to the project. 

About Traders Insights

Investing in the stock market is all about timing. Timing is everything and seconds count! Stocks can move very quickly, especially when there’s breaking news about a company or other impactful market events are occurring. We at believe that market moves can be predicted with the use of Technical Analysis, providing critical insight into trading opportunities for investors whether they are new or advanced traders to make consistent gains in the market. The trick is timely and reliable guidance. is one of the leading providers of stock tips including swing trading, day trades as well as short and long term trades for all kinds of traders with a current focus and emphasis on Biotech, Pharma and Technology based stocks. Our mission is to identify and share concrete and consistent trading opportunities based on solid research and reliable self-developed trading systems. With our alerts, subscribers get notified about urgent buy or sell signals. We provide our readers with a precise buy range, as well as a stop loss for controlling risk. We do all of the research, allowing our subscribers the opportunity to confidently trade our picks and not get swallowed by unnecessary information.

Disclaimer:  All content provided by TradersInsights is for informational purposes only. The information provided should not be considered as a substitute for professional advice, analysis, or guidance. Any investment decisions made based on the information provided are solely at the user’s own risk. TradersInsights are not liable for any losses or damages incurred as a result of using this information. TradersInsights is not operated by a licensed broker, a dealer, or a registered investment adviser. The Securities Litigation Reform Act of 1995 provides safe harbor protection for forward-looking statements made by companies or individuals. It should be noted that any forward-looking statements made by TradersInsights, its authors, are not guarantees of future performance or results. These statements are subject to risks, uncertainties, and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. The content provided by TradersInsights does not constitute an endorsement, recommendation, or solicitation to buy, sell, or hold any securities or investment products. TradersInsights, its authors, do not endorse or recommend any specific investment strategies, securities, or companies. It is crucial to conduct thorough research and seek advice from a qualified professional before making any investment decisions. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. The user assumes full responsibility for the use of the information provided by TradersInsights. TradersInsights, its authors, disclaim any liability for any direct, indirect, or consequential damages arising from the use or reliance on the information provided. Users should exercise their own judgment and discretion when interpreting and utilizing the information provided. Please note that the content provided by TradersInsights is based on available information and sources believed to be reliable. However, market conditions and regulations may change over time, and there may be inaccuracies or errors in the information provided. It is recommended to verify the information with current and reliable sources before making any investment decisions. 

Media Contact
Company Name: Traders Insights
Contact Person: Media Relations
Email: Send Email
Country: United States