Rigetti Computing (RGTI) Stock Is Exploding Higher: What's Going On?
Portfolio Pulse from Henry Khederian
Rigetti Computing Inc (RGTI) shares surged 39.6% to $1.44 on Thursday, despite no company-specific news. The stock is trending on social media platforms, with trading volume reaching 12.231 million shares, over 7x the trailing 100-day volume. RGTI has a total share float of 5.44 million, with 5.09% of shares sold short.
June 08, 2023 | 6:47 pm
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Rigetti Computing's stock price surged 39.6% despite no company-specific news, likely driven by social media trends and increased trading volume.
RGTI's stock price surge is likely due to its trending on social media platforms, which has led to increased trading volume. With no company-specific news, the stock's price movement can be attributed to social media influence and heightened investor interest.
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