Why D-Wave Quantum Stock Plummeted This Week
D-Wave Quantum (NYSE: QBTS) stock got hit with big sell-offs over the last week of trading after the company announced financial restructuring moves. The quantum computing specialist's share price closed out the stretch down 14.8% despite a gain of 1.9% for the S 500 and a gain of 2.3% for the Nasdaq Composite.
On Oct. 20, D-Wave announced that it was moving forward with the redemption of outstanding stock warrants -- a move that sent the company's share price tumbling. Despite a relatively large pullback over the last week of trading, the company's stock is still up roughly 289% this year.
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Source Fool.com
