Rigetti Computing Inc’s recently made public that its Officer Rivas David acquired Company’s shares for reported $35539.0 on Aug 14 ’24. In the deal valued at $0.90 per share,39,638 shares were bought.
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Then, Danis Richard bought 6,332 shares, generating $5,677 in total proceeds.
Before that, Danis Richard sold 6,332 shares. Rigetti Computing Inc shares valued at $5,509 were divested by the GENERAL COUNSEL & CORP. SEC. at a price of $0.87 per share. As a result of the transaction, Danis Richard now holds 1,042,005 shares, worth roughly $0.94 million.
B. Riley Securities initiated its Rigetti Computing Inc [RGTI] rating to a Buy in a research note published on July 25, 2024; the price target was $3. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. The Benchmark Company also remained covering RGTI and has increased its forecast on August 11, 2023 with a “Buy” recommendation from previously “Hold” rating. The Benchmark Company 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 jump 1.42% to $0.90. Over the last five days, the stock has gained 13.67%. Rigetti Computing Inc shares have fallen nearly -8.80% since the year began. Nevertheless, the stocks have fallen -57.02% over the past one year. While a 52-week high of $2.50 was reached on 03/08/24, a 52-week low of $0.75 was recorded on 08/05/24. SMA at 50 days reached $0.9892, while 200 days put it at $1.1944.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 0.8802, which if violated will result in even more drops to 0.8622. On the upside, there is a resistance level at 0.9160. A further resistance level may holdings at 0.9338. The Relative Strength Index (RSI) on the 14-day chart is 47.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0023, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.19%. Stochastics%K at 37.51% indicates the stock is a holding.
How much short interest is there in Rigetti Computing Inc?
A steep rise in short interest was recorded in Rigetti Computing Inc stocks on 2024-07-31, growing by 6.37 million shares to a total of 26.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 20.51 million shares. There was a rise of 23.7%, which implies that there is a positive sentiment for the stock.
