Taking a look at what insiders are doing to gauge the Peloton Interactive Inc. (PTON)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Peloton Interactive Inc. shares valued at $38,505 were sold by Klingsick Allen J on Aug 16. At $13.88 per share, Klingsick Allen J sold 2,775 shares. The insider’s holdings dropped to 27,127 shares worth approximately $0.25 million following the completion of this transaction.

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Also, Cornils Kevin sold 7,037 shares, netting a total of over 99,208 in proceeds. Following the sale of shares at $14.10 each, the insider now holds 13,891 shares.

Before that, Klingsick Allen J had sold 1,456 shares from its account. In a trade valued at $21,847, the Chief Accounting Officer traded Peloton Interactive Inc. shares for $15.01 each. Upon closing the transaction, the insider’s holdings decreased to 1,456 shares, worth approximately $0.2 million.

Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in late July. As of July 13, 2022, Telsey Advisory Group has reiterated its “Market perform” rating for PTON. Earlier on May 11, 2022, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for PTON stock which previously was a “a Mkt perform”.

Analyzing PTON’s Price Performance

On Wednesday, Peloton Interactive Inc. [NASDAQ: PTON] plunged -6.22% to $9.05. The stock’s lowest price that day was $9.05, but it reached a high of $9.90 in the same session. During the last five days, there has been a drop of approximately -11.53%. Over the course of the year, Peloton Interactive Inc. shares have dropped approximately -74.69%. Shares of the company reached a 52-week high of $40.35 on 02/08/22 and a 52-week low of $8.22 on 07/15/22. A 50-day SMA is recorded $10.52, while a 200-day SMA reached $20.56. Nevertheless, trading volume fell to 11.97 million shares from 10.42 million shares the previous day.

Support And Resistance Levels for Peloton Interactive Inc. (PTON)

According to the 24-hour chart, there is a support level at 8.77, which, if violated, would cause prices to drop to 8.48. In the upper region, resistance lies at 9.62. The next price resistance is at 10.18. RSI (Relative Strength Index) is 42.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 80.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Peloton Interactive Inc. subject to short interest?

Stocks of Peloton Interactive Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.87 million shares to 34.55 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 33.68 million shares. A jump of 2.52% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.2.

Which companies own the most shares of Peloton Interactive Inc. (PTON)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 44,787,453 shares, which is about 14.58% of the total PTON shares outstanding. The investor’s shares have appreciated by 3,818,380 from its previous 13-F filing of 40969073.0 shares. With the completion of the sale transaction, Baillie Gifford & Co.’s stake is now worth $280,879,381. The Vanguard Group, Inc. acquire a 2.05% interest valued at $261.54 million while Morgan Stanley Investment Managem sold a -70,714 stake. A total of -531,083 shares of Peloton Interactive Inc. were sold by BlackRock Fund Advisors during the quarter, and 7,500,000 by Darsana Capital Partners LP. In its current portfolio, Newton Investment Management Nort holds 6,970,631 shares valued at $71.03 million.


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