Whenever a company announces a share sale after the market closes, shareholders need to be aware of it. Quantum Computing (QUBT) announced a 14.04 million stock sale on Thursday, just before the Independence Day holiday.
Quantum is filing to sell 14.04 million shares of common stock. The firm has a $3.27 billion market capitalization. Bears have a high conviction bet against QUBT stock. The short interest is 17.72%. The cash raised will enable the company to operate like a zombie. Investors will need to watch out for the growth rate in competitors like Rigetti (RGTI) and D-Wave Quantum (QBTS).
Bears hold an 18.82% short position on RGTI stock and a 19.52% short position on QBTS stock.
On July 3, Webull (BULL) announced a $1 billion standby equity agreement. The online investor platform gives the firm the option to issue as much as $1 billion worth of Class A shares over three years. The shares are discounted by 2.5% from the market price.
Investors are better off holding Robinhood (HOOD) and Futu Holdings (FUTU). Robinhood trades near its 52-week high on enthusiasm for stablecoins gaining government support. HOOD stock is not cheap, trading at a price-to-earnings ratio of 53.88 times.
Futu announced on June 26 that S&P Global Ratings maintained a stable outlook on the firm. It has a credit rating of BBB-.
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