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 $21,516,148 were purchased by Bessemer Venture Partners X L. on Nov 26 ’24. At $2.50 per share, Bessemer Venture Partners X L. acquired 8,606,459 shares.
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Also, Bessemer Venture Partners X In purchased 8,079,192 shares, netting a total of over 20,197,980 in proceeds.
Before that, Clifton Michael S. had sold 125,000 shares from its account. In a trade valued at $375,000, the Director traded Rigetti Computing Inc shares for $3.00 each. Upon closing the transaction, the insider’s holdings decreased to 125,000 shares, worth approximately $4.18 million.
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 32.50%. Over the course of the year, Rigetti Computing Inc shares have jumped approximately 222.88%. Nevertheless, trading volume fell to 90.7 million shares from 50.7 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 2.86, which, if violated, would cause prices to drop to 2.53. In the upper region, resistance lies at 3.53. The next price resistance is at 3.87. RSI (Relative Strength Index) is 74.32 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 20.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
