"IonQ Inc ( NYSE:IONQ | IONQ Price Prediction) dropped 2.5% this week, underperforming both the SPDR S&P 500 ETF Trust ( NYSEARCA:SPY)'s 1.3% decline and the Invesco QQQ Trust ( NASDAQ:QQQ)'s 1.3% drop. The bad news? Shares were down. The good news? Friday saw a welcome relief rally of 9%. Shares opened the day largely flat, but rallied into noon. IonQ shares are still down signficantly from their 52-week highs, but the company is outperforming many of its quantum peers despite the drop."
"IonQ closed at $34.11 on Friday, extending year-to-date losses to 24%. The stock now trades 33% below where it started 2026, a sharp reversal from its five-year run that's still up 189%. The weakness accelerated through February, with shares down 33% over the past month. That volatility aligns with IonQ's beta of 2.6, meaning the stock moves more than twice as much as the broader market."
IonQ dropped 2.5% this week, underperforming the SPDR S&P 500 ETF and Invesco QQQ but rallied 9% on Friday. Shares opened largely flat then rallied into noon, yet remain significantly below 52-week highs while outperforming many quantum peers. Three events drove volatility: a short-seller report, a large acquisition that alarmed investors, and a widening gap between analyst optimism and market pricing. The stock closed at $34.11, down 24% year-to-date and 33% below its 2026 start, with 33% one-month losses. IonQ's beta of 2.6 indicates high volatility and market pressure requires more tangible results for sentiment to improve.
Read at 24/7 Wall St.
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