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 $236,385 were purchased by Danis Richard on Feb 20 ’25. At $11.47 per share, Danis Richard acquired 20,609 shares.
Also, Danis Richard purchased 100,000 shares, netting a total of over 1,839,000 in proceeds.
Before that, Danis Richard had added 102,852 shares to its account. In a trade valued at $1,956,245, the Former Officer bought Rigetti Computing Inc shares for $19.02 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 drop of approximately -15.87%. Over the course of the year, Rigetti Computing Inc shares have dropped approximately -39.19%. Shares of the company reached a 52-week high of $21.42 on 01/06/25 and a 52-week low of $5.95 on 01/13/25. A 50-day SMA is recorded $12.14, while a 200-day SMA reached $3.97. Nevertheless, trading volume fell to 50.55 million shares from 58.45 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 8.98, which, if violated, would cause prices to drop to 8.69. In the upper region, resistance lies at 9.72. The next price resistance is at 10.17. RSI (Relative Strength Index) is 40.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.77, which suggests the price will decrease in the coming days. Percent R is at 93.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
