Rigetti Stock Soars 18% on Bullish Options Activity, Upcoming Earnings

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Rigetti Stock Soars 18% on Bullish Options Activity, Upcoming Earnings

Rigetti Computing (NASDAQ:RGTI) shares rose

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on Friday Morning amid a spike in call option volume, reflecting heightened investor anticipation ahead of the company’s earnings release on May 12.

Trading data showed call options changing hands at double the normal volume, signaling aggressive positioning by bullish traders. Analysts pointed to the sharp rise in activity as a key driver of Friday’s surge.

The uptick also comes as Rigetti gains attention for a pair of recent developments. The quantum computing firm secured new investment from Quanta Computer and received a research award from the U.S. Air Force Office of Scientific Research. Both moves were seen as affirming the company’s growth trajectory in the quantum sector.

Adding to the market momentum, Rigetti’s Put/Call ratio remained at low levels, a technical indicator often interpreted as a sign of strong bullish sentiment.

Despite the rally, Rigetti’s year-to-date performance remains in negative territory, with shares still down more than 54% since January.

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#Rigetti #Stock #Soars #Bullish #Options #Activity #Upcoming #Earnings

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