IonQ Shares Plummet Amid Insider Sales, International Competition

IonQs shares plummeted by nearly ten percent in afternoon trading, following news of insider stock sales and increased international competition in the quantum computing sector. The companys CFO and a board member sold shares, which seemed to dampen investor confidence. Canadas new funding program for quantum developers further intensified competition. Despite a positive broader market, IonQs stock closed down by over eight percent, still up seven percent this year but significantly below its fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.