Rigetti Computing Inc’s recently made public that its Officer Rivas David acquired Company’s shares for reported $2.41 million on Mar 14 ’25. In the deal valued at $8.75 per share,275,000 shares were bought.
Then, Rivas David sold 275,000 shares, generating $2,508,632 in total proceeds. Upon selling the shares at $9.12, the CHIEF TECHNOLOGY OFFICER now owns 819,738 shares.
Before that, McCarthy Cathy L sold 150,000 shares. Rigetti Computing Inc shares valued at $1,200,240 were divested by the Director at a price of $8.00 per share. As a result of the transaction, McCarthy Cathy L now holds 234,234 shares, worth roughly $1.91 million.
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 -3.78% to $8.15. Over the last five days, the stock has lost -10.14%. Rigetti Computing Inc shares have fallen nearly -46.59% since the year began. Nevertheless, the stocks have risen 439.74% over the past one year. While a 52-week high of $21.42 was reached on 01/06/25, a 52-week low of $0.66 was recorded on 01/13/25. SMA at 50 days reached $10.71, while 200 days put it at $4.84.
Levels Of Support And Resistance For RGTI Stock
The 24-hour chart illustrates a support level at 7.81, which if violated will result in even more drops to 7.48. On the upside, there is a resistance level at 8.45. A further resistance level may holdings at 8.75. The Relative Strength Index (RSI) on the 14-day chart is 41.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.86%. Stochastics %K at 27.36% 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 2025-03-14, growing by 10.41 million shares to a total of 68.3 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 57.89 million shares. There was a rise of 15.24%, which implies that there is a positive sentiment for the stock.
