The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Rigetti Computing Inc shares valued at $750,000 were sold by Clifton Michael S. on Dec 10 ’24. At $6.00 per share, Clifton Michael S. sold 125,000 shares. The insider’s holdings dropped to 938,864 shares worth approximately $7.01 million following the completion of this transaction.
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Also, Danis Richard purchased 250,000 shares, netting a total of over 1,117,500 in proceeds.
Before that, Clifton Michael S. had added 125,000 shares to its account. In a trade valued at $558,750, the Director bought Rigetti Computing Inc shares for $4.47 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 25.13%. Over the course of the year, Rigetti Computing Inc shares have jumped approximately 658.45%. Shares of the company reached a 52-week high of $12.75 on 12/18/24 and a 52-week low of $0.66 on 09/09/24. A 50-day SMA is recorded $2.74, while a 200-day SMA reached $1.51. Nevertheless, trading volume fell to 172.14 million shares from 276.2 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 6.09, which, if violated, would cause prices to drop to 4.70. In the upper region, resistance lies at 9.52. The next price resistance is at 11.56. RSI (Relative Strength Index) is 60.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.62, which suggests the price will increase in the coming days. Percent R is at 52.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
