In a filing, Rigetti Computing Inc revealed its GENERAL COUNSEL & CORP. SEC. Danis Richard unloaded Company’s shares for reported $91262.0 on Mar 18 ’24. In the deal valued at $1.97 per share,46,326 shares were sold. As a result of this transaction, Danis Richard now holds 1,052,141 shares worth roughly $1.24 million.
Then, Rivas David sold 9,273 shares, generating $18,268 in total proceeds. Upon selling the shares at $1.97, the CHIEF TECHNOLOGY OFFICER now owns 880,440 shares.
Before that, Fitzgerald Alissa sold 34,747 shares. Rigetti Computing Inc shares valued at $67,062 were divested by the Director at a price of $1.93 per share. As a result of the transaction, Fitzgerald Alissa now holds 140,810 shares, worth roughly $0.17 million.
Alliance Global Partners initiated its Rigetti Computing Inc [RGTI] rating to a Buy in a research note published on March 01, 2024; the price target was $3.50. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. The Benchmark Company also remained covering RGTI and has decreased its forecast on November 10, 2022 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on November 10, 2022. It rated RGTI as “a Hold” which previously was an “a Buy”.
Price Performance Review of RGTI
On Friday, Rigetti Computing Inc [NASDAQ:RGTI] saw its stock fall -5.60% to $1.18. Over the last five days, the stock has lost -11.94%. Rigetti Computing Inc shares have risen nearly 19.81% since the year began. Nevertheless, the stocks have risen 125.28% over the past one year. While a 52-week high of $3.43 was reached on 03/08/24, a 52-week low of $0.36 was recorded on 01/03/24. SMA at 50 days reached $1.5794, while 200 days put it at $1.4881. A total of 3.43 million shares were traded, compared to the trading of 5.77 million shares in the previous session.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 1.1433, which if violated will result in even more drops to 1.1067. On the upside, there is a resistance level at 1.2333. A further resistance level may holdings at 1.2867. The Relative Strength Index (RSI) on the 14-day chart is 32.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1686, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.10%. Stochastics %K at 9.10% indicates the stock is a buying.
The most recent change occurred on August 09, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
