Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rigetti Computing Inc shares valued at $16,991 were purchased by Sandford Helene Gail on Sep 11 ’24. At $0.73 per share, Sandford Helene Gail acquired 23,162 shares.
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Also, Fitzgerald Alissa sold 17,294 shares, netting a total of over 13,835 in proceeds. Following the sale of shares at $0.80 each, the insider now holds 156,373 shares.
Before that, Rivas David had added 39,638 shares to its account. In a trade valued at $35,539, the Officer bought Rigetti Computing Inc shares for $0.90 each.
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 drop of approximately -3.66%. Over the course of the year, Rigetti Computing Inc shares have dropped approximately -18.33%. Shares of the company reached a 52-week high of $2.3600 on 03/08/24 and a 52-week low of $0.6600 on 09/09/24. A 50-day SMA is recorded $0.9402, while a 200-day SMA reached $1.1753. Nevertheless, trading volume fell to 3.25 million shares from 4.82 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 0.7463, which, if violated, would cause prices to drop to 0.6881. In the upper region, resistance lies at 0.8363. The next price resistance is at 0.8681. RSI (Relative Strength Index) is 45.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1031, which suggests the price will decrease in the coming days. Percent R is at 55.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
