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 $35,424 were sold by Sandford Helene Gail on Sep 17 ’24. At $0.82 per share, Sandford Helene Gail sold 43,200 shares. The insider’s holdings dropped to 257,752 shares worth approximately $0.2 million following the completion of this transaction.
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Also, Sandford Helene Gail sold 23,162 shares, netting a total of over 17,372 in proceeds. Following the sale of shares at $0.75 each, the insider now holds 300,952 shares.
Before that, Sandford Helene Gail had added 23,162 shares to its account. In a trade valued at $16,991, the Director bought Rigetti Computing Inc shares for $0.73 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 surge of approximately 3.27%. Over the course of the year, Rigetti Computing Inc shares have dropped approximately -22.39%. 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 $0.8565, while a 200-day SMA reached $1.1555. Nevertheless, trading volume fell to 1.55 million shares from 1.91 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 0.7367, which, if violated, would cause prices to drop to 0.7089. In the upper region, resistance lies at 0.7880. The next price resistance is at 0.8115. RSI (Relative Strength Index) is 44.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0259, which suggests the price will decrease in the coming days. Percent R is at 68.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
