Why Rigetti Computing Stock Just Crashed
Rigetti Computing (NASDAQ: RGTI) stock, which managed to hold more or less steady earlier in the week, suddenly stumbled and fell 9.2% through 2:55 p.m. ET Wednesday.
Helping to support the stock price earlier was a Trump Administration order promoting the development of quantum computing, which sparked a wave of call option buying yesterday -- as many as 10.4 calls purchased for every put, according to StreetInsider.com -- indicating traders were heavily bullish on the stock.
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Source Fool.com
