In a filing, Rigetti Computing Inc revealed its Director Sandford Helene Gail unloaded Company’s shares for reported $35424.0 on Sep 17 ’24. In the deal valued at $0.82 per share,43,200 shares were sold. As a result of this transaction, Sandford Helene Gail now holds 257,752 shares worth roughly $0.2 million.
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Then, Sandford Helene Gail sold 23,162 shares, generating $17,372 in total proceeds. Upon selling the shares at $0.75, the Director now owns 300,952 shares.
Before that, Sandford Helene Gail bought 23,162 shares. Rigetti Computing Inc shares valued at $16,991 were divested by the Director at a price of $0.73 per share.
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 Tuesday, Rigetti Computing Inc [NASDAQ:RGTI] saw its stock fall -0.65% to $0.76. Over the last five days, the stock has lost -9.57%. Rigetti Computing Inc shares have fallen nearly -22.83% since the year began. Nevertheless, the stocks have fallen -51.59% over the past one year. While a 52-week high of $2.36 was reached on 03/08/24, a 52-week low of $0.66 was recorded on 09/09/24. SMA at 50 days reached $0.8989, while 200 days put it at $1.1628.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 0.7443, which if violated will result in even more drops to 0.7287. On the upside, there is a resistance level at 0.7813. A further resistance level may holdings at 0.8027. The Relative Strength Index (RSI) on the 14-day chart is 41.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0176, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.55%. Stochastics %K at 48.23% 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 2024-08-30, dropping by -0.98 million shares to a total of 25.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 26.88 million shares. There was a decline of -3.77%, which implies that there is a negative sentiment for the stock.
