The quantum computing company has delivered explosive growth this year.
IonQ ( IONQ 10.13% ) has been flying high in September. Analysts raised their price targets, it announced an acquisition of Vector Atomic, and it was named a partner for the Department of Energy's Quantum-in-Space collaboration. If you invested in IonQ a year ago, you'd be sitting on returns of 787% (as of Sept. 26).
Good news and a rapidly rising share price is often the recipe for a stock split . IonQ currently checks both of those boxes, so let's see if a stock split could be on the horizon.
Why would IonQ split its stock?
A traditional stock split, also known as a forward split, is when a company increases its number of shares to reduce its share price. Companies normally start considering this when th