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 an upward movement driven by a surge in call options trading, reflecting investor optimism ahead of the company’s upcoming earnings report. The market’s expectations for future price changes have increased, as indicated by the rise in implied volatility. Additionally, the announcement of Rigetti’s UK subsidiary leading a GBP 3.5 million consortium to enhance quantum error correction capabilities has bolstered market sentiment, positioning the company as a leader in developing essential technology for fault-tolerant quantum computing.
More about Rigetti Computing
YTD Price Performance: -57.15%
Average Trading Volume: 66,502,743
Technical Sentiment Signal: Sell
Current Market Cap: $2.45B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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