Rigetti Computing Inc’s recent filing unveils that its 10% Owner Bessemer Venture Partners X L. unloaded Company’s shares for reported $1.95 million on Nov 11 ’24. In the deal valued at $1.52 per share,1,286,114 shares were sold. As a result of this transaction, Bessemer Venture Partners X L. now holds 19,582,218 shares worth roughly $29.18 million.
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Then, Bessemer Venture Partners X L. sold 713,886 shares, generating $1,085,107 in total proceeds. Upon selling the shares at $1.52, the 10% Owner now owns 20,868,332 shares.
Before that, Bessemer Venture Partners X L. bought 1,113,210 shares. Rigetti Computing Inc shares valued at $1,591,890 were divested by the 10% Owner at a price of $1.43 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 -1.97% to $1.49. Over the last five days, the stock has gained 33.04%. Rigetti Computing Inc shares have risen nearly 51.28% since the year began. Nevertheless, the stocks have risen 53.61% over the past one year.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 1.3267, which if violated will result in even more drops to 1.1633. On the upside, there is a resistance level at 1.5767. A further resistance level may holdings at 1.6633.
How much short interest is there in Rigetti Computing Inc?
A steep rise in short interest was recorded in Rigetti Computing Inc stocks on 2024-10-15, dropping by -0.53 million shares to a total of 27.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 27.98 million shares. There was a decline of -1.92%, which implies that there is a negative sentiment for the stock.
