Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing Inc. (RGTI) shares have seen a significant decline, dropping by 81 cents to around $15.27. This downturn is linked to a surge in options trading, with a notable preference for downside protection among investors, as indicated by the put/call ratio. Despite a decrease in implied volatility, suggesting lower expectations for drastic price changes, the market is keenly awaiting upcoming earnings reports, which are expected to heavily influence future price trends. Analysts remain divided, balancing caution with optimism due to recent progress in quantum computing technology.
More about Rigetti Computing
YTD Price Performance: -19.60%
Average Trading Volume: 53,628,007
Technical Sentiment Signal: Buy
Current Market Cap: $5.54B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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