Stock Track | Rigetti Computing Plummets 11% as Options Trading Signals Bearish Sentiment and Insider Selling

Stock Track

Dec 30, 2024

Shares of quantum computing company Rigetti Computing (RGTI) plummeted by 11.01% in pre-market trading on Monday, following losses in the prior session. The steep decline came as options traders exhibited heavy bearish sentiment, while an insider offloaded a significant number of shares.

According to data from options analytics firm TradeUp, Rigetti Computing's options trading volume surged nearly 17 times higher than the 90-day average on Friday. Particularly high activity was seen in the $17 strike call options expiring in December 2024, with traders selling large numbers of these bullish contracts. This wave of call selling suggests that options traders are positioning for further downside in the stock.

Adding to the bearish pressure, Rigetti's former general counsel Richard Danis has sold over 624,000 shares this month for around $4.7 million, with the latest sale of 233,423 shares on Monday fetching $2.6 million. Insider selling can often be interpreted as a lack of confidence in the company's prospects and may have contributed to Monday's plunge in RGTI's share price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1187698385"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1187698385\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1187698385?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-30 22:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1187698385","market":"hk","top_or_hot":-1,"title":"Stock Track | Rigetti Computing Plummets 11% as Options Trading Signals Bearish Sentiment and Insider Selling","media":"Stock Track","content":"<p>Shares of quantum computing company Rigetti Computing (RGTI) plummeted by 11.01% in pre-market trading on Monday, following losses in the prior session. The steep decline came as options traders exhibited heavy bearish sentiment, while an insider offloaded a significant number of shares.</p>\n\n<p>According to data from options analytics firm TradeUp, Rigetti Computing's options trading volume surged nearly 17 times higher than the 90-day average on Friday. Particularly high activity was seen in the $17 strike call options expiring in December 2024, with traders selling large numbers of these bullish contracts. This wave of call selling suggests that options traders are positioning for further downside in the stock.</p>\n\n<p>Adding to the bearish pressure, Rigetti's former general counsel Richard Danis has sold over 624,000 shares this month for around $4.7 million, with the latest sale of 233,423 shares on Monday fetching $2.6 million. Insider selling can often be interpreted as a lack of confidence in the company's prospects and may have contributed to Monday's plunge in RGTI's share price.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Rigetti Computing Plummets 11% as Options Trading Signals Bearish Sentiment and Insider Selling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Rigetti Computing Plummets 11% as Options Trading Signals Bearish Sentiment and Insider Selling\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-30 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of quantum computing company Rigetti Computing (RGTI) plummeted by 11.01% in pre-market trading on Monday, following losses in the prior session. The steep decline came as options traders exhibited heavy bearish sentiment, while an insider offloaded a significant number of shares.</p>\n\n<p>According to data from options analytics firm TradeUp, Rigetti Computing's options trading volume surged nearly 17 times higher than the 90-day average on Friday. Particularly high activity was seen in the $17 strike call options expiring in December 2024, with traders selling large numbers of these bullish contracts. This wave of call selling suggests that options traders are positioning for further downside in the stock.</p>\n\n<p>Adding to the bearish pressure, Rigetti's former general counsel Richard Danis has sold over 624,000 shares this month for around $4.7 million, with the latest sale of 233,423 shares on Monday fetching $2.6 million. Insider selling can often be interpreted as a lack of confidence in the company's prospects and may have contributed to Monday's plunge in RGTI's share price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RGTI","symbol_name":"Rigetti Computing","start_time":0,"source_url":"","article_id":"1187698385","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187698385","pubTimestamp":1735569397,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of quantum computing company Rigetti Computing  plummeted by 11.01% in pre-market trading on Monday, following losses in the prior session. The steep decline came as options traders exhibited heavy bearish sentiment, while an insider offloaded a significant number of shares.According to data from options analytics firm TradeUp, Rigetti Computing's options trading volume surged nearly 17 times higher than the 90-day average on Friday. Particularly high activity was seen in the $17 strike c","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RGTI":"Rigetti Computing"},"translate_title":"由于期权交易表明看跌情绪和内幕抛售，股票跟踪Rigetti Computing暴跌11%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGTI":1},"content_text":"Shares of quantum computing company Rigetti Computing (RGTI) plummeted by 11.01% in pre-market trading on Monday, following losses in the prior session. The steep decline came as options traders exhibited heavy bearish sentiment, while an insider offloaded a significant number of shares.\nAccording to data from options analytics firm TradeUp, Rigetti Computing's options trading volume surged nearly 17 times higher than the 90-day average on Friday. Particularly high activity was seen in the $17 strike call options expiring in December 2024, with traders selling large numbers of these bullish contracts. This wave of call selling suggests that options traders are positioning for further downside in the stock.\nAdding to the bearish pressure, Rigetti's former general counsel Richard Danis has sold over 624,000 shares this month for around $4.7 million, with the latest sale of 233,423 shares on Monday fetching $2.6 million. Insider selling can often be interpreted as a lack of confidence in the company's prospects and may have contributed to Monday's plunge in RGTI's share price.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}