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Why D-Wave Quantum Stock Plummeted Today

TheMotleyFool

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Why D-Wave Quantum Stock Plummeted Today: https://g.foolcdn.com/editorial/images/871720/gettyimages-1278817813-copy.jpg

D-Wave Quantum (NYSE: QBTS) stock closed out Tuesday's trading solidly in the red despite bullish momentum for the broader market. The company's share price closed out the daily session down 5.3% and had been off as much as 10.4% earlier in the day's trading. The S 500 closed out the day up 0.8%, and the Nasdaq Composite was up 1.1%.

D-Wave stock pulled back today as investors moved to take profits on recent gains and reacted to some concerns about the company's simulation data. While shares were down double digits at points in the day's trading, the company's share price regained ground as the day progressed.

Image source: Getty Images.

Source Fool.com

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