IonQ (IONQ) Falls After 2-Day Rally

We recently published 10 Stocks That Vanished in Value IonQ, Inc. (NYSE:IONQ) is one of the worst-performing stocks on Tuesday.

Shares of IonQ declined by 4.32 percent on Tuesday to finish at $43 apiece amid the lack of catalysts to sustain the recent two-day rally.

In the previous trading days, IonQ, Inc. (NYSE:IONQ) grew alongside its quantum computing peers after a large US pension fund—the New Jersey State Pension Fund—increased its exposure in the quantum computing sector with the acquisition of shares in IonQ, Inc. (NYSE:IONQ), D-Wave Quantum Inc. (NYSE:QBTS), and Rigetti Computing Inc. (NASDAQ:RGTI).

In line with the transaction, the fund divested its stake in Alibaba Group Holding Ltd. (BABA).

In other news, IonQ, Inc. (NYSE:IONQ) filed for a prospectus on behalf of several existing shareholders for the sale of more than 13 million IONQ common shares.

IonQ, Inc. (NYSE:IONQ) said it will not receive any proceeds from the proposed sale.

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