Why Xanadu Quantum Technologies Stock Slipped 10% This Week
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Shares of Xanadu Quantum Technologies (XNDU 8.11%) fell 10% this week, according to data from S&P Global Market Intelligence. The quantum stock had recently boomed after its merger with a special purpose acquisition company (SPAC), but has since fallen back to earth, almost back to its merger price. An insider sale this week further exacerbated losses. Here's why Xanadu Quantum sank, and whether now is a good time to buy this quantum stock. ExpandNASDAQ: XNDUXanadu Quantum TechnologiesToday's Change(-8.11%) $-0.99Current Price$11.22Key Data PointsMarket Cap$3.6BDay's Range$11.02 - $11.9752wk Range$6.97 - $42.44Volume119.7KAvg Vol5.4MGross Margin36.03% Insider selling, major fundraising Xanadu Quantum went public via a SPAC merger in late March. With a low float and hype around the future of quantum computing, the stock went off like a rocket in the next month, rising to almost $40 from its $10 merger price in late April. Since then, insiders have begun to sell their stakes, driving down the share price. Just this week, Millennium Management disclosed that the investment fund held a 5% stake on June 17th or earlier (according to the SEC filing), but had trimmed that stake to under 0.2% of the business by this week. At the same time, Xanadu Quantum has launched a $300 million at-the-market offering to sell additional shares and raise capital. With so much selling pressure, it is no wonder that Xanadu Quantum stock is sinking. Image source: Getty Images. Should you buy the dip? Even after this dip, Xanadu Quantum stock trades at a market cap of $5 billion in Canadian dollars. Its business is not doing much today, generating just $2.8 million in revenue last quarter and posting huge losses. This makes Xanadu Quantum more of a science project than a viable business, meaning investors should avoid buying today. Read NextMay 31, 2026 •By Robert IzquierdoIs This New Quantum Computing IPO the Best Under-the-Radar Stock of 2026?May 29, 2026 •By Scott LevineWhy Xanadu Quantum Technologies Stock Is Soaring This WeekJun 26, 2026 •By Parkev Tatevosian, CFAGreat News for Micron Stock Investors!Jun 26, 2026 •By Parkev Tatevosian, CFAMassive News for Apple Stock Investors!Jun 26, 2026 •By Parkev Tatevosian, CFARevealed! 3 Undervalued Stocks I Just BoughtJun 26, 2026 •By Adam SpataccoCan SpaceX Stock Turn Everyday Investors Into Millionaires?About the AuthorBrett Schafer is a contributing Motley Fool stock market analyst covering consumer goods, financials, technology, and industrials. Brett is a self-taught investor and has hosted the Chit Chat Stocks podcast since 2018. He previously worked as a lab engineer for science laboratories. He holds a bachelor’s degree in mechanical engineering with minors in finance and mathematics from Washington State University. His lab work on Major League Baseball’s juiced ball problem was featured in The Wall Street Journal and other national outlets.TMFBrettSchaferX@CCM_BrettStocks MentionedXanadu Quantum TechnologiesNASDAQ: XNDU$11.22(-8.11%)-$0.99Motley Fool Stock Advisor’s Latest PickGet Access---% Avg Return*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.