Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rigetti Computing Inc shares valued at $3,860,000 were purchased by Danis Richard on Dec 27 ’24. At $15.44 per share, Danis Richard acquired 250,000 shares.
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Also, Danis Richard purchased 250,000 shares, netting a total of over 2,837,500 in proceeds.
Before that, Danis Richard had added 233,423 shares to its account. In a trade valued at $2,187,174, the Former Officer bought Rigetti Computing Inc shares for $9.37 each.
As published in their initiating research note from Craig Hallum on December 20, 2024, Rigetti Computing Inc [RGTI] has been a Buy and the price target has been revised to $12. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of March 01, 2024, Alliance Global Partners has initiated its “Buy” rating for RGTI. Earlier on August 11, 2023, The Benchmark Company upgraded its rating. Their new recommendation was “a Buy” for RGTI stock which previously was a “a Hold”.
Analyzing RGTI Stock Performance
During the last five days, there has been a surge of approximately 39.23%. Over the course of the year, Rigetti Computing Inc shares have jumped approximately 1449.40%. Shares of the company reached a 52-week high of $19.35 on 12/27/24 and a 52-week low of $0.66 on 09/09/24. A 50-day SMA is recorded $4.54, while a 200-day SMA reached $1.92. Nevertheless, trading volume fell to 140.95 million shares from 303.95 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 14.19, which, if violated, would cause prices to drop to 13.11. In the upper region, resistance lies at 17.17. The next price resistance is at 19.07. RSI (Relative Strength Index) is 71.35 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.40, which suggests the price will increase in the coming days. Percent R is at 30.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
