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 $35,539 were purchased by Rivas David on Aug 14 ’24. At $0.90 per share, Rivas David acquired 39,638 shares.
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Also, Danis Richard purchased 6,332 shares, netting a total of over 5,677 in proceeds.
Before that, Danis Richard had sold 6,332 shares from its account. In a trade valued at $5,509, the GENERAL COUNSEL & CORP. SEC. traded Rigetti Computing Inc shares for $0.87 each. Upon closing the transaction, the insider’s holdings decreased to 6,332 shares, worth approximately $0.88 million.
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 8.11%. Over the course of the year, Rigetti Computing Inc shares have dropped approximately -14.62%. Shares of the company reached a 52-week high of $2.3600 on 03/08/24 and a 52-week low of $0.7500 on 08/05/24. A 50-day SMA is recorded $0.9949, while a 200-day SMA reached $1.1965. Nevertheless, trading volume fell to 2.69 million shares from 3.11 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 0.8073, which, if violated, would cause prices to drop to 0.7736. In the upper region, resistance lies at 0.8973. The next price resistance is at 0.9536. RSI (Relative Strength Index) is 42.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0361, which suggests the price will decrease in the coming days. Percent R is at 74.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
