Bloodbath on the Street: These 10 Stocks Crashed Hard

Ten stocks seemed to have snoozed alongside Wall Street’s main indices on Wednesday, having registered hefty losses during the trading session.

The Dow Jones and the S&P 500 lagged in performance, ending down 0.25 percent and flat, respectively. In contrast, the tech-heavy Nasdaq rose by 0.31 percent.

In this list, we compiled the names of the 10 worst-performing stocks on Wednesday and detailed the reasons behind their declines.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.

10. IonQ, Inc. (NYSE:IONQ)

IonQ saw its share prices drop by 6.73 percent on Wednesday to close at $38.11 apiece amid the lack of fresh catalyst to boost buying appetite.

On Wednesday, IonQ, Inc. (NYSE:IONQ) announced a new study in partnership with the University of Washington, which, using its Forte Enterprise quantum system, observed in real-time what is known as a “lepton-number violation,” a phenomenon never directly simulated before on a quantum computer.

According to providing IonQ, Inc. (NYSE:IONQ), the study further evidenced that quantum computers may be able to model fundamental physics processes beyond the reach of classical systems.

The study, however, did not seem to impress the investing public.

IonQ, Inc. (NYSE:IONQ) traded lower in line with its peers, namely D-Wave Systems, Rigetti Computing, and Quantum Computing Inc.

9. Zeta Global Holdings Corp. (NYSE:ZETA)

Zeta Global dropped its share prices by 6.88 percent on Wednesday to end at $15.02 apiece as investors continued to take profits following its surge earlier in the week.

This followed William Blair’s reaffirmation of its “outperform” rating on its stock on the back of strong fundamentals and growth opportunities.

William Blair highlighted recent investor meetings with Zeta Global Holdings Corp.’s (NYSE:ZETA) Chief Finance Officer Chris Greiner, underscoring strong investor interest in consistent execution and growth potential.

Additionally, the rating reflected Zeta Global Holdings Corp.’s (NYSE:ZETA) bullish outlook on fundamentals and optimism of steady demand as companies seek to modernize marketing technology, enhance customer engagement, and integrate artificial intelligence into their marketing strategies.

William Blair said that the company’s continued execution and potential upside to estimates will be crucial factors in their expansion initiatives, particularly with the opportunities ahead.