On June 1, Rigetti Computing fell 5.05% in regular trading, trading at $24.56/share, with trading volume of $288 million.

On the news front, the decline reflects ongoing profit-taking pressure following the stock's sharp 50%+ rally on May 21-22, which was driven by the U.S. Commerce Department's announcement of approximately $2 billion in equity investment across nine quantum computing companies, with Rigetti expected to receive up to $100 million. Since the surge, the stock has experienced consecutive pullbacks — falling 6.65% on May 26, declining over 5% in pre-market on May 28, and dropping again on May 29.

Adding to the selling pressure, company executive Rivas David filed a Form 144 on May 29, signaling intent to sell 499,328 shares valued at approximately $12.68 million. Within the Semiconductors sector, performance remains mixed — Micron Technology rose 4.63% and NVIDIA gained 3.62%, while AMD fell 5.0% and Intel dropped 6.67%, indicating the decline in RGTI is more attributable to stock-specific profit-taking and insider selling pressure rather than broad sector weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)