Rigetti Computing (NASDAQ: RGTI) Shares Down 5. 5% Following Insider Selling

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) dropped 5.5% during trading on Thursday following insider selling activity. The company traded as low as $15.67 and last traded at $16.07. Approximately 19,809,523 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 32,422,594 shares. The stock had previously closed at $17.00. Specifically, CTO Andrew Joseph Bestwick sold 5,791 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.81, for a total transaction of $97,346.71. Following the completion of the transaction, the chief technology officer owned 1,036,121 shares of the company’s stock, valued at approximately $17,417,194.01. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document…