Does Billionaire Israel Englander Know Something Wall Street Doesn't? He Sold a Quantum Computing Stock Analysts Say to Buy.

In the first quarter, hedge fund billionaire Israel Englander of Millennium Management sold 1.2 million shares of Rigetti Computing (RGTI 2.56%), reducing his stake in the quantum computing stock by 80%. The sale represented a sharp turnaround from the prior quarter, when Englander purchased 1.4 million shares.His decision to sell stands out because all six analysts who follow Rigetti have a "buy" rating on the stock. The target prices range from $14 per share to$16 per share, implying upside of 21% to 39% ...