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 $2,406,250 were purchased by Rivas David on Mar 14 ’25. At $8.75 per share, Rivas David acquired 275,000 shares.
Also, Rivas David sold 275,000 shares, netting a total of over 2,508,632 in proceeds. Following the sale of shares at $9.12 each, the insider now holds 819,738 shares.
Before that, McCarthy Cathy L had sold 150,000 shares from its account. In a trade valued at $1,200,240, the Director traded Rigetti Computing Inc shares for $8.00 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 shares, worth approximately $1.99 million.
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 -7.52%. Over the course of the year, Rigetti Computing Inc shares have dropped approximately -44.36%. 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 $10.50, while a 200-day SMA reached $4.94.
Support And Resistance Levels for Rigetti Computing Inc (RGTI)
According to the 24-hour chart, there is a support level at 7.72, which, if violated, would cause prices to drop to 6.95. In the upper region, resistance lies at 9.09. The next price resistance is at 9.69. RSI (Relative Strength Index) is 44.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.23, which suggests the price will decrease in the coming days. Percent R is at 74.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
