Rigetti Computing Inc’s recently made public that its 10% Owner Bessemer Venture Partners X L. acquired Company’s shares for reported $21.52 million on Nov 26 ’24. In the deal valued at $2.50 per share,8,606,459 shares were bought.
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Then, Bessemer Venture Partners X In bought 8,079,192 shares, generating $20,197,980 in total proceeds.
Before that, Clifton Michael S. sold 125,000 shares. Rigetti Computing Inc shares valued at $375,000 were divested by the Director at a price of $3.00 per share. As a result of the transaction, Clifton Michael S. now holds 1,313,864 shares, worth roughly $3.97 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 Monday, Rigetti Computing Inc [NASDAQ:RGTI] saw its stock fall -0.98% to $3.02. Over the last five days, the stock has gained 73.56%. Rigetti Computing Inc shares have risen nearly 206.63% since the year began. Nevertheless, the stocks have risen 184.91% over the past one year.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 2.69, which if violated will result in even more drops to 2.35. On the upside, there is a resistance level at 3.51. A further resistance level may holdings at 3.99. The Relative Strength Index (RSI) on the 14-day chart is 73.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.56%. Stochastics %K at 70.86% 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 2024-11-15, dropping by -1.32 million shares to a total of 26.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 27.45 million shares. There was a decline of -5.05%, which implies that there is a negative sentiment for the stock.
