In a filing, Pure Storage Inc revealed its Chief Financial Officer Krysler P. Kevan unloaded Company’s shares for reported $0.81 million on Apr 17 ’24. In the deal valued at $52.80 per share,15,286 shares were sold. As a result of this transaction, Krysler P. Kevan now holds 507,824 shares worth roughly $25.65 million.
Then, FitzSimons Dan sold 29,283 shares, generating $1,526,816 in total proceeds. Upon selling the shares at $52.14, the Chief Revenue Officer now owns 138,105 shares.
Before that, Brown Andrew William Fraser sold 20,564 shares. Pure Storage Inc shares valued at $1,075,703 were divested by the Director at a price of $52.31 per share. As a result of the transaction, Brown Andrew William Fraser now holds 24,400 shares, worth roughly $1.23 million.
Raymond James downgraded its Pure Storage Inc [PSTG] rating to an Outperform from a a Strong buy in a research note published on April 19, 2024; the price target was increased to $63 from $52. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Needham began covering PSTG with “Buy” recommendation on March 06, 2024. TD Cowen maintained its rating on February 29, 2024. It rated PSTG as “an Outperform”.
Price Performance Review of PSTG
On Monday, Pure Storage Inc [NYSE:PSTG] saw its stock jump 2.12% to $50.51. Over the last five days, the stock has lost -3.42%. Pure Storage Inc shares have risen nearly 41.64% since the year began. Nevertheless, the stocks have risen 111.69% over the past one year. While a 52-week high of $58.46 was reached on 03/08/24, a 52-week low of $22.14 was recorded on 01/02/24. SMA at 50 days reached $50.03, while 200 days put it at $40.00. A total of 2.83 million shares were traded, compared to the trading of 4.79 million shares in the previous session.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 49.43, which if violated will result in even more drops to 48.36. On the upside, there is a resistance level at 51.05. A further resistance level may holdings at 51.60. The Relative Strength Index (RSI) on the 14-day chart is 45.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.35%. Stochastics %K at 24.97% indicates the stock is a holding.
