Rigetti Computing Inc’s recently made public that its Director Clifton Michael S. unloaded Company’s shares for reported $0.63 million on Dec 09 ’24. In the deal valued at $5.03 per share,125,000 shares were sold. As a result of this transaction, Clifton Michael S. now holds 1,063,864 shares worth roughly $4.76 million.
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Then, Clifton Michael S. bought 125,000 shares, generating $547,500 in total proceeds.
Before that, Clifton Michael S. sold 125,000 shares. Rigetti Computing Inc shares valued at $500,000 were divested by the Director at a price of $4.00 per share. As a result of the transaction, Clifton Michael S. now holds 1,188,864 shares, worth roughly $5.31 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 jump 2.05% to $4.47. Over the last five days, the stock has gained 48.01%. Rigetti Computing Inc shares have risen nearly 353.85% since the year began. Nevertheless, the stocks have risen 325.71% over the past one year.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 4.14, which if violated will result in even more drops to 3.80. On the upside, there is a resistance level at 4.95. A further resistance level may holdings at 5.42. The Relative Strength Index (RSI) on the 14-day chart is 83.42, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.32%. Stochastics %K at 87.73% indicates the stock is a selling.
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.
