Rigetti Computing (RGTI) Soars 27.92% on Insider Activity, Sector Momentum

Rigetti Computing (RGTI) shares surged 1.15% today, marking the second consecutive day of gains, with a total increase of 27.92% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 5.99%.

The strategy of buying RGTI shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 28.70% gain. This indicates that the strategy captured some of the subsequent volatility and price movements in RGTI's stock.

One of the key factors influencing Rigetti Computing's stock price is the recent insider activity. On May 23, 2025, the company's CTO, David Rivas, sold 44,815 shares. This move can often be interpreted by investors as a signal of potential changes in the company's outlook or valuation, leading to increased market attention and potential volatility.

Additionally, significant trading activity in Rigetti Computing options was observed on May 23, 2025, with 302.76K contracts traded and 775.1K open interest. This heightened activity suggests that investors are closely monitoring the stock and could be positioning themselves for potential price movements, further contributing to the stock's recent performance.

The quantum computing sector has also seen a positive shift, with Rigetti Computing benefiting from renewed investor interest in quantum computing technology. This sector-wide momentum has likely played a role in the company's recent stock price gains, as investors look to capitalize on advancements in this cutting-edge field.

Rigetti Computing's financial performance in Q1 2025 has been particularly noteworthy, with the company reporting a net income of $43 million and positive earnings per share. These strong financial results have led analysts to revise their price forecasts upwards and maintain buy ratings, indicating confidence in the company's financial health and growth prospects. This positive analyst sentiment has likely contributed to the stock's recent upward trajectory.