Why IonQ, Applovin, and BigBear.ai Dropped Like a Rock This Week

Shares of some of the market's hottest stocks took a big step back this week as investors reconsidered whether these stocks have run too far too fast in 2024.According to data provided by S&P Global Market Intelligence, shares of IonQ (NYSE: IONQ) fell as much as 22.3% this week, AppLovin (NASDAQ: APP) dropped 20%, and BigBear.ai (NYSE: BBAI) fell 28.4%. As of Friday at 2:30 p.m. ET, these three stocks were down 12.2%, 19.2%, and 26.9%, respectively.It's worth looking at how these three stocks have performed over the past three months alone. You can see they were hot ahead of the election and then took off post-election on speculation the economy would boom in 2025 and beyond.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool