Rigetti Computing Inc’s recently made public that its Former Officer Danis Richard acquired Company’s shares for reported $2.19 million on Dec 23 ’24. In the deal valued at $9.37 per share,233,423 shares were bought.
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Then, Clifton Michael S. sold 125,000 shares, generating $750,000 in total proceeds. Upon selling the shares at $6.00, the Director now owns 938,864 shares.
Before that, Danis Richard bought 250,000 shares. Rigetti Computing Inc shares valued at $1,117,500 were divested by the Former Officer at a price of $4.47 per share.
Craig Hallum initiated its Rigetti Computing Inc [RGTI] rating to a Buy in a research note published on December 20, 2024; the price target was $12. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Alliance Global Partners began covering RGTI with “Buy” recommendation on March 01, 2024. The Benchmark Company revised its rating on August 11, 2023. It rated RGTI as “a Buy” which previously was an “a Hold”.
Price Performance Review of RGTI
On Monday, Rigetti Computing Inc [NASDAQ:RGTI] saw its stock jump 16.97% to $10.96. Over the last five days, the stock has gained 30.01%. Rigetti Computing Inc shares have risen nearly 1012.80% since the year began. Nevertheless, the stocks have risen 974.51% over the past one year. While a 52-week high of $12.75 was reached on 12/18/24, a 52-week low of $0.66 was recorded on 09/09/24. SMA at 50 days reached $3.11, while 200 days put it at $1.59.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 10.17, which if violated will result in even more drops to 9.37. On the upside, there is a resistance level at 12.03. A further resistance level may holdings at 13.09. The Relative Strength Index (RSI) on the 14-day chart is 69.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.14%. Stochastics %K at 65.06% 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 2024-11-29, growing by 9.18 million shares to a total of 34.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 25.67 million shares. There was a rise of 26.35%, which implies that there is a positive sentiment for the stock.
