Xanadu Quantum Technologies Stock Drops 10% Amid Insider Selling and Fundraising
Shares of Xanadu Quantum Technologies (NASDAQ: XNDU) fell by 10% this week, driven primarily by insider selling and a $300 million at-the-market offering. The stock had surged after its SPAC merger in late March but has since declined to near the original merger price.
Tickers: $NVDA
Topics: at-the-market offering insider trading quantum computing SPAC merger