Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock has seen a significant upswing due to heightened activity in its stock options, with call options trading at twice the usual volume. This increase in trading is linked to investor anticipation ahead of the company’s earnings report on May 12th. The optimism is further fueled by Rigetti’s recent strategic moves, including a new investment deal with Quanta Computer and an award from the Air Force Office of Scientific Research. These developments, along with a low Put/Call Ratio, indicate a bullish sentiment among traders.
More about Rigetti Computing
YTD Price Performance: -54.30%
Average Trading Volume: 54,530,691
Technical Sentiment Signal: Sell
Current Market Cap: $2.62B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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