The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Peloton Interactive Inc shares valued at $38,975 were sold by Coddington Elizabeth F on Mar 14 ’24. At $4.34 per share, Coddington Elizabeth F sold 8,977 shares. The insider’s holdings dropped to 104,428 shares worth approximately $0.39 million following the completion of this transaction.
Also, Cotter Jennifer Cunningham sold 104,620 shares, netting a total of over 463,540 in proceeds. Following the sale of shares at $4.43 each, the insider now holds 32,363 shares.
Before that, RENDICH ANDREW S had sold 125,840 shares from its account. In a trade valued at $564,556, the Chief Supply Chain Officer traded Peloton Interactive Inc shares for $4.49 each. Upon closing the transaction, the insider’s holdings decreased to 125,840 shares, worth approximately $0.18 million.
Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early February. As of November 07, 2023, Deutsche Bank has decreased its “Buy” rating to a “Hold” for PTON. Earlier on November 02, 2023, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for PTON stock which previously was a “a Buy”.
Analyzing PTON Stock Performance
During the last five days, there has been a drop of approximately -2.36%. Over the course of the year, Peloton Interactive Inc shares have dropped approximately -38.92%. Shares of the company reached a 52-week high of $7.24 on 01/05/24 and a 52-week low of $3.56 on 04/10/24. A 50-day SMA is recorded $4.35, while a 200-day SMA reached $5.77. Nevertheless, trading volume fell to 8.38 million shares from 10.27 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 3.61, which, if violated, would cause prices to drop to 3.49. In the upper region, resistance lies at 3.80. The next price resistance is at 3.88. RSI (Relative Strength Index) is 38.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 83.35%, 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 steep in short interest on Mar 15, 2024 dropping by -2.02 million shares to 47.8 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 49.82 million shares. A decline of -4.23% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.69 of the overall float, the days-to-cover ratio (short ratio) decline to 4.69.
