IONQ Stock Trade By Greg Steube Should Raise 'Some Flags,' Says Tracker Made Popular By Nancy Pelosi's Stock Moves

Nancy Pelosi, a stock tracker, on Wednesday raised some concerns on X over Rep. Greg Steube's (R-Fla.) stock trading disclosure for IONQ Inc. (NYSE:IONQ) purchase that came just at the time of the company's announcement to win a U.S. defense research contract.

Trade Raises Red Flags

The X account, with over 1.4 million followers, said the trades by Steube should ‘probably raise some flags.” The popular social media account noted that Steube sits on the House Intelligence Committee, whose work spans NSA and Defense Intelligence agencies, and receives “classified briefings on U.S. quantum computing programs.”

Benzinga’s Government Trades tracker indicates Steube purchased IONQ stock on March 18, 2026. The trade was reported on April 14, 2026.

Rep. Steube did not immediately respond to Benzinga's request for comments.

IonQ Wins DARPA Contract

The world's leading quantum technology company awarded a contract in the Defense Advanced Research Projects Agency’s Heterogeneous Architectures for Quantum program on April 14. The shares of IONQ surged about 21% following the news.

The deal would allow IonQ to develop high-speed connections to link different types of quantum computers into a single network. Niccolo de Masi, Chairman and CEO, said "IonQ's pioneering quantum interconnect technology can enable modular scalability not only for ion traps, but for a wide range of quantum technologies."

The IONQ Trade

Despite the strong rally, IonQ shares are still down about 49% from their peak of $84.64 recorded on Oct. 13.

Price Action: IONQ stock ended Wednesday up by 20.95% at $42.25. In the after-hours trading, the stock rose 3.9% to $44.94.

Benzinga Edge Stock Rankings indicate that the IONQ has a Momentum score in the 13th percentile. It maintains a strong price trend in the short term but weak trend in the medium and long term.

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