The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Rigetti Computing Inc shares valued at $21,800 were sold by Fitzgerald Alissa on Jul 15 ’24. At $1.09 per share, Fitzgerald Alissa sold 20,000 shares. The insider’s holdings dropped to 193,667 shares worth approximately $0.2 million following the completion of this transaction.
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Also, Fitzgerald Alissa sold 20,000 shares, netting a total of over 19,000 in proceeds. Following the sale of shares at $0.95 each, the insider now holds 213,667 shares.
Before that, Fitzgerald Alissa had sold 50,000 shares from its account. In a trade valued at $50,000, the Director traded Rigetti Computing Inc shares for $1.00 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $93534.3.
As published in their initiating research note from B. Riley Securities on July 25, 2024, Rigetti Computing Inc [RGTI] has been a Buy and the price target has been revised to $3. Analysts at Alliance Global Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of August 11, 2023, The Benchmark Company has increased its “Hold” rating to a “Buy” for RGTI. Earlier on November 10, 2022, The Benchmark Company 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 surge of approximately 0.98%. Over the course of the year, Rigetti Computing Inc shares have jumped approximately 4.58%. Shares of the company reached a 52-week high of $2.3600 on 03/08/24 and a 52-week low of $0.8800 on 06/20/24. A 50-day SMA is recorded $1.0387, while a 200-day SMA reached $1.2184. Nevertheless, trading volume fell to 2.11 million shares from 6.74 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 0.9969, which, if violated, would cause prices to drop to 0.9637. In the upper region, resistance lies at 1.0616. The next price resistance is at 1.0931. RSI (Relative Strength Index) is 48.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0689, which suggests the price will decrease in the coming days. Percent R is at 85.00%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
