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 experienced a notable upswing, driven by a surge in bullish options activity and strong investor sentiment. A significant volume of call options, totaling 65,294 contracts, was traded, tripling the expected amount. This activity, coupled with a sharp rise in implied volatility, reflects heightened expectations for future price movements. The most active options were the 5/23 weekly 12 and 13 calls, with 22,200 contracts traded. Investors are likely positioning themselves ahead of the company’s upcoming earnings report on August 7, anticipating positive news or developments in Rigetti’s financial performance and quantum computing advancements. A low put/call ratio of 0.20 further underscores the optimism surrounding Rigetti’s stock outlook.
More about Rigetti Computing
YTD Price Performance: -45.20%
Average Trading Volume: 48,889,139
Technical Sentiment Signal: Buy
Current Market Cap: $3.46B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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