Rigetti Computing (NASDAQ: RGTI) Trading Up 4. 9% – Here Why

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) shares rose 4.9% during trading on Monday . The stock traded as high as $16.56 and last traded at $16.53. Approximately 15,874,336 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 30,556,818 shares. The stock had previously closed at $15.76. A number of brokerages recently issued reports on RGTI. Wedbush started coverage on shares of Rigetti Computing in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price on the stock.…