Rigetti Computing Inc’s recent filing unveils that its Former Officer Danis Richard acquired Company’s shares for reported $3.86 million on Dec 27 ’24. In the deal valued at $15.44 per share,250,000 shares were bought.
Then, Danis Richard bought 250,000 shares, generating $2,837,500 in total proceeds.
Before that, Danis Richard bought 233,423 shares. Rigetti Computing Inc shares valued at $2,187,174 were divested by the Former Officer at a price of $9.37 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 Friday, Rigetti Computing Inc [NASDAQ:RGTI] saw its stock fall -4.90% to $19.02. Over the last five days, the stock has gained 23.19%. Rigetti Computing Inc shares have risen nearly 24.64% since the year began. Nevertheless, the stocks have risen 1863.25% over the past one year. While a 52-week high of $20.00 was reached on 01/03/25, a 52-week low of $0.66 was recorded on 01/02/25. SMA at 50 days reached $5.27, while 200 days put it at $2.10.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 17.69, which if violated will result in even more drops to 16.36. On the upside, there is a resistance level at 20.36. A further resistance level may holdings at 21.70. The Relative Strength Index (RSI) on the 14-day chart is 74.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.43%. Stochastics %K at 86.81% 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 2024-12-13, growing by 10.18 million shares to a total of 36.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 26.13 million shares. There was a rise of 28.03%, which implies that there is a positive sentiment for the stock.
