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A company insider recently sold 8,977 shares of Peloton Interactive Inc [PTON]. Should You also Consider to Sale?

Peloton Interactive Inc’s filing revealed that its Chief Financial Officer Coddington Elizabeth F unloaded Company’s shares for reported $38975.0 on Mar 14 ’24. In the deal valued at $4.34 per share,8,977 shares were sold. As a result of this transaction, Coddington Elizabeth F now holds 104,428 shares worth roughly $0.44 million.

Then, Cotter Jennifer Cunningham sold 104,620 shares, generating $463,540 in total proceeds. Upon selling the shares at $4.43, the Chief Content Officer now owns 32,363 shares.

Before that, RENDICH ANDREW S sold 125,840 shares. Peloton Interactive Inc shares valued at $564,556 were divested by the Chief Supply Chain Officer at a price of $4.49 per share. As a result of the transaction, RENDICH ANDREW S now holds 47,690 shares, worth roughly $0.2 million.

Citigroup downgraded its Peloton Interactive Inc [PTON] rating to a Neutral from a a Buy in a research note published on May 06, 2024; the price target was decreased to $4 from $8. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Mkt perform”. Telsey Advisory Group also remained covering PTON and reiterated its “Market perform” recommendation on April 29, 2024.

Price Performance Review of PTON

On Monday, Peloton Interactive Inc [NASDAQ:PTON] saw its stock fall -0.48% to $4.19. Over the last five days, the stock has gained 18.36%. Peloton Interactive Inc shares have fallen nearly -31.20% since the year began. Nevertheless, the stocks have fallen -38.92% over the past one year. While a 52-week high of $9.87 was reached on 01/05/24, a 52-week low of $2.70 was recorded on 05/02/24. SMA at 50 days reached $3.87, while 200 days put it at $5.21. A total of 18.69 million shares were traded, compared to the trading of 12.32 million shares in the previous session.

Levels Of Support And Resistance For PTON Stock

The 24-hour chart illustrates a support level at 4.07, which if violated will result in even more drops to 3.96. On the upside, there is a resistance level at 4.42. A further resistance level may holdings at 4.66. The Relative Strength Index (RSI) on the 14-day chart is 60.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.02%. Stochastics %K at 87.95% indicates the stock is a selling.

The most recent change occurred on February 02, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $5.

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