Why Quantum Computing Stock Got Socked on Wednesday
Even by the standards of Wednesday's downbeat stock market, Quantum Computing (NASDAQ: QUBT) was an outlier, and not in a good way. Following news of a C-suite move and the publication of a new analyst note on quantum stocks in general, investors aggressively traded out of Quantum Computing's shares. This left them with a more than 9% loss in value on the day.
That morning, Quantum Computing announced that it would remove the "interim" tag from CEO Yuping Huang, making him the company's non-transitory leader. This change is to take effect on Jan. 1 next year. It took some time for the company to make the move, as Huang was named interim CEO back in April.
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Source Fool.com
