Executives Cash Out as Quantum Stock Soars

The hottest insider story this week: QBTS CFO John Markovich sold $7.7 million worth of D-Wave Quantum shares across six separate transactions. The sales ran from June 2 to June 15. That's 300,000 shares offloaded at prices around $24–$26 each. D-Wave's stock has surged this year on AI and quantum computing enthusiasm. The CFO filing this week signals he may think the run is due a pause.

Over at ASTS, two top executives filed sales totalling more than $7.5 million. CFO Andrew Johnson filed a $4.3 million sale on June 12. The company's President, Scott Wisniewski, sold $3.3 million in late May. AST SpaceMobile shares have climbed sharply on satellite connectivity optimism. Both C-suite officers are trimming at elevated prices.

Not everyone is selling. CXT CEO Aaron Saak filed a $1 million open-market purchase of Crane NXT shares on June 16. The buy was at $42.13 per share. CEO-led open-market buys are rare. They tend to signal genuine conviction in a stock's value at current levels.

TJX Executive Chairman Carol Meyrowitz also filed this week. She sold $9.1 million in shares on June 9. That's the biggest single US C-level sale in the period.

Spanish construction giant ACS CEO Florentino Perez filed a €8.4 million purchase, a notable buy from one of Europe's most prominent business figures.