Quantum Computing Insiders Net Sell $895.1 Million in Shares After 400%-1,820% Stock Surges
Updated
Updated · Yahoo Finance · Sep 22
Quantum Computing Insiders Net Sell $895.1 Million in Shares After 400%-1,820% Stock Surges
1 articles · Updated · Yahoo Finance · Sep 22
Summary
$895.1 million in net insider selling has hit IonQ, Rigetti, D-Wave and Quantum Computing Inc. since Sept. 18, 2024, a signal that contrasts with the sector's market euphoria.
IonQ accounted for the biggest total at $454.5 million, followed by D-Wave at $331.1 million, Rigetti at $75.7 million and Quantum Computing Inc. at $33.8 million.
Those sales come after the four stocks soared about 400%, 1,820%, 1,670% and 1,200% over two years, fueled by early contracts, partnerships and broader excitement over quantum computing's commercial potential.
The report notes insider selling is not automatically bearish because executives and directors often sell shares to cover taxes or diversify holdings after stock-based compensation.