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Recent Insider Activity Could Benefit Pinterest Inc (PINS)

CHWY Stock

Pinterest Inc’s filing revealed that its Director Rajaram Gokul unloaded Company’s shares for reported $64480.0 on Apr 15 ’24. In the deal valued at $33.34 per share,1,934 shares were sold. As a result of this transaction, Rajaram Gokul now holds 31,646 shares worth roughly $1.32 million.

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Then, JORDAN JEFFREY D sold 20,000 shares, generating $701,672 in total proceeds. Upon selling the shares at $35.08, the Director now owns 34,215 shares.

Before that, Brau Donnelly Julia sold 30,221 shares. Pinterest Inc shares valued at $1,071,330 were divested by the Chief Financial Officer at a price of $35.45 per share. As a result of the transaction, Brau Donnelly Julia now holds 327,358 shares, worth roughly $13.7 million.

Argus upgraded its Pinterest Inc [PINS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. RBC Capital Mkts revised its rating on December 11, 2023. It rated PINS as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of PINS

On Monday, Pinterest Inc [NYSE:PINS] saw its stock fall -0.36% to $41.85. Over the last five days, the stock has gained 1.14%. Pinterest Inc shares have risen nearly 12.99% since the year began. Nevertheless, the stocks have risen 94.83% over the past one year. While a 52-week high of $42.95 was reached on 05/10/24, a 52-week low of $21.02 was recorded on 04/25/24. SMA at 50 days reached $35.47, while 200 days put it at $32.62. A total of 13.14 million shares were traded, compared to the trading of 9.97 million shares in the previous session.

Levels Of Support And Resistance For PINS Stock

The 24-hour chart illustrates a support level at 41.53, which if violated will result in even more drops to 41.21. On the upside, there is a resistance level at 42.29. A further resistance level may holdings at 42.73. The Relative Strength Index (RSI) on the 14-day chart is 74.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.88%. Stochastics %K at 93.94% indicates the stock is a selling.

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