Rigetti Computing Stock Falls as Sale Notice Tests $100 Million Quantum Rally
• Rigetti Computing closed Tuesday at $19.69, down 9.55%, and slipped further in premarket trading Wednesday.• A June 8 SEC Form 144 listed a proposed sale by director Ray O. Johnson of 122,188 shares valued at about $2.6 million.• The pullback is testing investor enthusiasm for Rigetti’s up-to-$100 million U.S. Commerce Department quantum-computing funding letter. Rigetti Computing fell hard Tuesday and was indicated lower before Wednesday’s open, as investors weighed a fresh insider-sale notice against the stock’s recent government-funding rally. The move matters because Rigetti has become one of the most closely watched pure-play quantum names, and small changes in confidence can produce large price swings.