IONQ is trading 4.2% down at $49.76 as traders extend profit-taking following last week’s sharp post-earnings rally.
- Shares previously slid 9.61% on May 15 following a surge of more than 19% between May 11 and May 14, which occurred despite a 30% revenue beat.
- With no fresh company-specific headlines emerging, today’s weakness appears to be a continued digestion of prior gains and elevated volatility.