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How Far Could RGTI Stock Drop If the Broader Market Breaks?
Trefis9d agobearish
How Far Could RGTI Stock Drop If the Broader Market Breaks?

Rigetti Computing (RGTI) trades near $15, about 73% below the high it set inside the past year. No market shock did that: the S&P 500 returned 17% over the past twelve months while Rigetti lost 8.5%. The 73% is measured from a high set inside those same twelve months, so the stock ran up hard before it fell. A fall like that in a rising market says the price is a bet on a road map.

Corrections & Amplifications
The Wall Street Journal13d agoneutral
Corrections & Amplifications

CORRECTIONS D-Wave Quantum headquarters is in Palo Alto, Calif. A Business News article on Wednesday about the U.S. government’s taking a minority equity stake in D-Wave and other companies incorrectly said D-Wave is based in British Columbia.