Shares of Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) dropped 1.3% during mid-day trading on Wednesday . The company traded as low as $6.05 and last traded at $6.20. Approximately 31,036 shares were traded during mid-day trading, a decline of 76% from the average session volume of 127,839 shares. The stock had previously closed at $6.28.
Rigetti Computing Stock Down 5.8%
The stock has a fifty day moving average of $6.65 and a 200 day moving average of $7.94.
About Rigetti Computing
Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.
At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.
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