Ten stocks fell badly on Wednesday, amid a mixed broader market, as investors sold off positions over a series of company-specific developments.
Meanwhile, only the Dow Jones finished the trading session in the red, down 0.04 percent. The S&P 500 and the Nasdaq both registered gains, up 0.40 percent and 0.66 percent, respectively.
In this article, we focus on the 10 worst-performing companies during the session and break down the reasons behind their drop.
To come up with the list, we focused exclusively on mid-cap stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.
Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels
10. IonQ Inc. (NYSE:IONQ)
IonQ extended its losses on Wednesday, shedding 6.63 percent to close at $72.41 apiece, as investors continued to unload positions following a $2 billion share sale that resulted in the dilution of existing stocks.
Late last week, IonQ Inc. (NYSE:IONQ) announced the successful raising of $2 billion in fresh funds from a share sale program, covering 16.5 million shares at $93 apiece, pre-funded warrants to purchase more than 5 million shares for the same offer price, which represented a 20 percent premium over its closing price on October 9, 2025.
Additionally, IonQ Inc. (NYSE:IONQ) offered seven-year warrants to buy 43 million additional shares at $155 each if the stock goes that high by the maturity date.
“This investment provides an opportunity for the IonQ team to continue to grow and expand our ecosystem. IonQ is one of the only quantum companies in the world capable of delivering advanced computing, networking, and sensing solutions across every theatre—on the ground, in the air, and in space,” IonQ Inc. (NYSE:IONQ) Chairman and CEO Niccolo de Masi said.
“With our accelerated technology roadmap, world-renowned talent, and robust net cash position, we have strengthened our unique position. We believe this is the largest common-stock single-institutional investment in the history of the quantum industry. This $2 billion cash investment will facilitate our global growth and accelerate our quantum commercialization worldwide.”
Based on its historical reporting dates, the company is scheduled to release the results of its earnings performance for the third quarter of the year in the first week of November 2025.
9. Intuitive Machines Inc. (NASDAQ:LUNR)
Intuitive Machines snapped a two-day winning streak on Wednesday, losing 7 percent to close at $12.88 apiece as investors resorted to profit-taking to take advantage of the previous days’ gains.
Earlier in the week, Intuitive Machines Inc. (NASDAQ:LUNR) attracted investor sentiment after JPMorgan set its sights on the space industry in its $10 billion investment program to support economic resiliency and security.
“Stockpiles of vital munitions are inadequate, and the nature of modern warfare is evolving rapidly. There is a clear need for modern defense technologies across areas such as low-cost air, land, and sea drones, satellites, and electronic warfare,” JPMorgan said.
The plan forms part of the $1.5-trillion investment program announced on Monday. Of the total amount, JPMorgan said some $10 billion will be invested in companies across 27 sectors deemed critical to the United States’ economic security and resiliency, including spacecraft and space launches.
In other news, Intuitive Machines Inc. (NASDAQ:LUNR) recently received a Capability Maturity Model Integration (CMMI) Maturity Level 3, which signifies that it meets the National Aeronautics and Space Administration’s (NASA) standards for Class A human spaceflight, together with well-defined and consistently applied engineering processes.
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