Rigetti Computing Shares Plunge to Six-Week Low on Volume Surge
Shares of Rigetti Computing slid to a six-week low on May 13 as investor sentiment turned negative on quantum computing stocks. Trading volume surged to roughly twice the 30-day average, highlighting intensified selloff pressure.
1. Share Price Decline
On May 13, Rigetti Computing shares tumbled to their weakest level since early April during morning trading. The drop occurred without any new corporate disclosures, underscoring growing caution among investors in speculative technology names.
2. Market and Volume Dynamics
Trading volume jumped to roughly twice the company’s 30-day average as sellers dominated the tape. The surge reflects broader risk aversion toward quantum computing startups after recent sector underperformance.
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