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 $223,103 were sold by Cotter Jennifer Cunningham on May 20 ’24. At $3.89 per share, Cotter Jennifer Cunningham sold 57,353 shares. The insider’s holdings dropped to 70,855 shares worth approximately $0.23 million following the completion of this transaction.
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Also, RENDICH ANDREW S sold 27,741 shares, netting a total of over 108,379 in proceeds. Following the sale of shares at $3.91 each, the insider now holds 113,288 shares.
Before that, Cotter Jennifer Cunningham had sold 65,615 shares from its account. In a trade valued at $256,515, the Chief Content Officer traded Peloton Interactive Inc shares for $3.91 each. Upon closing the transaction, the insider’s holdings decreased to 65,615 shares, worth approximately $0.41 million.
As published in a research note from Citigroup on May 06, 2024, Peloton Interactive Inc [PTON] has been rated down from a Buy to a Neutral and the price target has been revised to $4 from $8. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early May. As of April 29, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for PTON.
Analyzing PTON Stock Performance
During the last five days, there has been a drop of approximately -16.97%. Over the course of the year, Peloton Interactive Inc shares have dropped approximately -46.96%. Shares of the company reached a 52-week high of $7.24 on 01/05/24 and a 52-week low of $2.70 on 05/02/24. A 50-day SMA is recorded $3.75, while a 200-day SMA reached $5.00. Nevertheless, trading volume fell to 17.55 million shares from 33.97 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 3.13, which, if violated, would cause prices to drop to 3.02. In the upper region, resistance lies at 3.39. The next price resistance is at 3.54. RSI (Relative Strength Index) is 40.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 96.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
