Rigetti Computing RGTI Surges 9.95% on $1.64B Volume Spike Jumps to 50th in Market Activity

Rigetti Computing (RGTI) surged 9.95% on Tuesday as trading volume hit $1.64 billion, a 90.11% increase from the previous day, ranking it 50th in market activity. The stock's performance was driven by renewed investor focus on quantum computing infrastructure following recent strategic updates. The surge coincided with broader market volatility, though RGTI outperformed its sector peers in terms of liquidity and momentum.

Analysts noted that the sharp volume spike suggests strong short-term positioning by institutional investors. The company’s recent hardware roadmap announcement, coupled with a partnership agreement with a leading cloud services provider, has reinvigorated market sentiment. However, technical indicators show the stock remains in a consolidation phase, with key resistance levels near $0.75 per share.

To ensure the back-test matches exactly what you have in mind, could you please confirm a few details? 1. Market universe: US-listed stocks (NYSE + NASDAQ + AMEX)? Another specific exchange or region? 2. Volume metric for the daily rank: Dollar volume (price × shares) or share volume (number of shares traded)? 3. Trade execution prices: Buy at next day’s open and sell at that day’s close (typical for volume-ranking strategies), buy at today’s close and sell at tomorrow’s close, or another convention? 4. Portfolio weighting: Equal weight across the 500 names or weight proportional to volume, market-cap, etc. Once these points are clarified, I can lay out the data-gathering plan and run the back-test.