Why IonQ Stock Plummeted 26.1% in June
After a strong performance in May, this quantum computing leader's stock headed in the other direction -- and for no apparent reason.
Overview
Investors had plenty to be happy about with IonQ (NYSE: IONQ) stock in May, as the quantum computing specialist's shares soared 60%. June, however, provided less to celebrate. According to data provided by S&P Global Market Intelligence, IonQ stock fell 26.1% last month.
But with the White House expressing enthusiasm for the quantum computing industry and an analyst providing a bullish outlook, investors weren't moved to click the buy button on IonQ stock. Let's take a look at what contributed to the stock's poor performance.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.