Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rigetti Computing Inc shares valued at $91,262 were sold by Danis Richard on Mar 18 ’24. At $1.97 per share, Danis Richard sold 46,326 shares. The insider’s holdings dropped to 1,052,141 shares worth approximately $1.24 million following the completion of this transaction.
Also, Rivas David sold 9,273 shares, netting a total of over 18,268 in proceeds. Following the sale of shares at $1.97 each, the insider now holds 880,440 shares.
Before that, Fitzgerald Alissa had sold 34,747 shares from its account. In a trade valued at $67,062, the Director traded Rigetti Computing Inc shares for $1.93 each. Upon closing the transaction, the insider’s holdings decreased to 34,747 shares, worth approximately $0.17 million.
As published in their initiating research note from Alliance Global Partners on March 01, 2024, Rigetti Computing Inc [RGTI] has been a Buy and the price target has been revised to $3.50. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of November 10, 2022, The Benchmark Company has decreased its “Buy” rating to a “Hold” for RGTI. Earlier on November 10, 2022, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for RGTI stock which previously was a “a Buy”.
Analyzing RGTI Stock Performance
During the last five days, there has been a drop of approximately -6.35%. Over the course of the year, Rigetti Computing Inc shares have jumped approximately 19.81%. Shares of the company reached a 52-week high of $2.3600 on 03/08/24 and a 52-week low of $0.9043 on 01/03/24. A 50-day SMA is recorded $1.5734, while a 200-day SMA reached $1.4876. Nevertheless, trading volume fell to 5.56 million shares from 4.83 million shares the previous day.
Support And Resistance Levels for Rigetti Computing Inc (RGTI)
According to the 24-hour chart, there is a support level at 1.1217, which, if violated, would cause prices to drop to 1.0633. In the upper region, resistance lies at 1.2767. The next price resistance is at 1.3733. RSI (Relative Strength Index) is 36.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1548, which suggests the price will decrease in the coming days. Percent R is at 77.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
