Stock summary: Rigetti Computing suffered loss of 52.60% throughout the week

Rigetti Computing Inc. closed at 8.93 USD on January 10, 8:00 PM GMT-5, suffering a significant loss of 9.91 USD (-52.60%) over the past five days.

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Rigetti Computing Inc. closed at 8.93 USD on January 10, 8:00 PM GMT-5, suffering a significant loss of 9.91 USD (-52.60%) over the past five days. The stock negative movement after NVIDIA’s CEO Jensen Huang made remarks about the future of quantum computers and their efficiency.

The stock opened the week at 9.88 USD and reached a high of 10.74 USD, but intense selling pressure drove it down to a low of 8.43 USD during the period.

In after-hours trading, the stock dropped further by 0.86 USD (-9.63%), closing at 8.07 USD, signaling ongoing concerns among investors.

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With a market capitalization of 216.37 Cr, the company has faced significant challenges, as reflected in this week’s steep decline. The trading range of 8.43 USD to 10.74 USD highlights substantial volatility, underscoring investor unease about the company’s near-term prospects.

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.