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8.72981230901501E-06 -0.00218245307725887 -0.00196420776953287 -0.00785683107813181 -0.00109122653862936 -0.00152771715408119 -0.0248799650807508 -0.00654299432562195
Stock impact report

Rigetti Computing, Inc. (RGTI): A Bear Case Theory [Yahoo! Finance]

Rigetti Computing, Inc. (RGTI) 
Company Research Source: Yahoo! Finance
Rigetti Computing, Inc.'s share was trading at $23.96 as of December 16th. Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. RGTI faces significant near-term downside as multiple ETF rebalances converge this Friday, December 19th, creating intense forced selling pressure. The $3.2 billion Defiance Quantum ETF (QTUM) alone must liquidate $30 million of RGTI shares and $10 million of IONQ, and several other ETFs holding RGTI are rebalancing simultaneously, compounding the effect. This mechanical, non-speculative event comes at a particularly vulnerable time for RGTI, a stock with a low float that has run up over the quarter despite negative earnings and an unreasonably high price relative to fundamentals. Insider activity further underscores the lack of confidence in the company; there have been no insider purchases since June 2022, r Show less Read more
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