Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Rating)'s share price shot up 12.8% on Friday . The stock traded as high as $0.12 and last traded at $0.11. 23,637 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 43,237 shares. The stock had previously closed at $0.10.
Rigetti Computing Price Performance
The company has a 50-day moving average price of $0.12 and a 200 day moving average price of $0.15.
Get Rigetti Computing alerts:Institutional Investors Weigh In On Rigetti Computing
A number of institutional investors have recently added to or reduced their stakes in RGTIW. LMR Partners LLP grew its holdings in shares of Rigetti Computing by 47.2% in the third quarter. LMR Partners LLP now owns 1,395,150 shares of the company's stock valued at $2,623,000 after purchasing an additional 447,037 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Rigetti Computing during the first quarter valued at about $453,000. D.A. Davidson & CO. purchased a new position in shares of Rigetti Computing in the first quarter worth $163,000. Arena Capital Advisors LLC CA purchased a new position in shares of Rigetti Computing during the first quarter worth $128,000. Finally, Sculptor Capital LP purchased a new position in Rigetti Computing in the first quarter valued at $96,000.
About Rigetti Computing
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Rigetti Computing, Inc operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
Further Reading
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