Rigetti Computing, Inc. is trading 0% up today at $10.42 as the stock consolidates following a disclosure that Norges Bank has acquired a significant new stake in the company.
- A June 9 filing revealed Norges Bank acquired 1,755,700 shares, a position valued at approximately $38.89 million, representing a 0.53% stake.
- The institutional buy-in has pushed total institutional ownership above 35%, providing support after the stock experienced a sharp 9.7% drop on June 9.
- Shares are currently holding steady amid mixed broader market conditions and recent price volatility.