Penumbra Inc’s filing revealed that its EVP, Gen. Counsel & Secretary Roberts Johanna unloaded Company’s shares for reported $0.13 million on Apr 01 ’24. In the deal valued at $217.07 per share,600 shares were sold. As a result of this transaction, Roberts Johanna now holds 64,281 shares worth roughly $13.5 million.
Then, Kassing Don W. sold 170 shares, generating $37,941 in total proceeds. Upon selling the shares at $223.18, the Director now owns 1,175 shares.
Before that, Bose Arani sold 7,500 shares. Penumbra Inc shares valued at $1,876,500 were divested by the Director at a price of $250.20 per share. As a result of the transaction, Bose Arani now holds 164,294 shares, worth roughly $34.5 million.
JP Morgan downgraded its Penumbra Inc [PEN] rating to a Neutral from a an Overweight in a research note published on February 23, 2024; the price target was decreased to $250 from $284. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Equal-weight”‘ rating. Robert W. Baird began covering PEN with “an Outperform” recommendation on July 19, 2023. Needham revised its rating on March 29, 2023. It rated PEN as “a Hold” which previously was an “a Buy”.
Price Performance Review of PEN
On Tuesday, Penumbra Inc [NYSE:PEN] saw its stock fall -0.77% to $210.00. Over the last five days, the stock has gained 6.89%. Penumbra Inc shares have fallen nearly -16.51% since the year began. Nevertheless, the stocks have fallen -32.28% over the past one year. While a 52-week high of $348.67 was reached on 02/16/24, a 52-week low of $180.93 was recorded on 04/30/24. SMA at 50 days reached $221.83, while 200 days put it at $238.55. A total of 0.56 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For PEN Stock
The 24-hour chart illustrates a support level at 208.01, which if violated will result in even more drops to 206.02. On the upside, there is a resistance level at 213.46. A further resistance level may holdings at 216.93. The Relative Strength Index (RSI) on the 14-day chart is 47.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.40%. Stochastics %K at 82.06% indicates the stock is a selling.
The most recent change occurred on January 30, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $275 price target.
