Rigetti Computing Stock Falls Amid Broader Tech Selloff

Benzinga_recent_news02-13

Rigetti Computing Inc (NASDAQ:RGTI) shares declined Thursday, as the quantum computing company got caught in a broader technology sector selloff, with the Nasdaq falling 1.68% and the S&P 500 dropping...

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This represents 13.84% of the company’s publicly available shares. \nBased on the recent average volume of 33.84 million shares traded per day, it would take 1.34 days for holders of this short interest to close out their positions without sending the stock sharply higher.\nThe stock is trading 27.2% below its 20-day simple moving average (SMA) and 48.7% below its 100-day SMA, demonstrating a bearish trend in the short to medium term. Shares have increased 26.68% over the past 12 months and are currently positioned closer to their 52-week lows than highs, reflecting ongoing volatility.\nThe RSI is at 35.02, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. 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