Why Quantum Computing Stock Is Plummeting Today
Quantum Computing (NASDAQ: QUBT) stock is seeing a round of substantial sell-offs in Monday's trading. The company's share price was down 10.6% as of 1 p.m. ET, amid gains of 0.7% for both the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC).
Quantum Computing opened today's trading with a valuation pullback due to news that the company is moving to issue and sell new stock. The bearish pressure has intensified following news of rising geopolitical risk factors.
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Source Fool.com
