Quantum Computing Inc. (QUBT) is experiencing a decline in after-hours trading, influenced by bearish sentiment in the options market. A notable call option sweep with a bearish outlook was observed, expiring on January 17, 2025, at a $20.00 strike price. This activity involved the transfer of 150 contracts, indicating a lack of confidence among traders regarding the stock's short-term prospects. Such bearish options activity can often signal expectations of further declines, contributing to the downward pressure on the stock.
Additionally, discussions on popular stock forums have highlighted skepticism about Quantum Computing Inc.'s financial health and business model. Concerns have been raised about the company's ability to sustain operations with negative revenue figures, as well as doubts about the legitimacy of its contracts and overall business strategy. These discussions may be exacerbating the negative sentiment surrounding the stock.
Quantum Computing Inc. (QUBT) shares are down 0.43% to $17.02 in after-hours trading, following a 6.02% drop to close at $17.09 on December 24, 2024.