Peloton Interactive Inc’s recently made public that its Chief Content Officer Cotter Jennifer Cunningham unloaded Company’s shares for reported $0.22 million on May 20 ’24. In the deal valued at $3.89 per share,57,353 shares were sold. As a result of this transaction, Cotter Jennifer Cunningham now holds 70,855 shares worth roughly $0.26 million.
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Then, RENDICH ANDREW S sold 27,741 shares, generating $108,379 in total proceeds. Upon selling the shares at $3.91, the Chief Supply Chain Officer now owns 113,288 shares.
Before that, Cotter Jennifer Cunningham sold 65,615 shares. Peloton Interactive Inc shares valued at $256,515 were divested by the Chief Content Officer at a price of $3.91 per share. As a result of the transaction, Cotter Jennifer Cunningham now holds 128,208 shares, worth roughly $0.47 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 jump 0.27% to $3.65. Over the last five days, the stock has gained 15.87%. Peloton Interactive Inc shares have fallen nearly -40.07% since the year began. Nevertheless, the stocks have fallen -52.78% 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 $3.63, while 200 days put it at $4.87. A total of 18.35 million shares were traded, compared to the trading of 26.11 million shares in the previous session.
Levels Of Support And Resistance For PTON Stock
The 24-hour chart illustrates a support level at 3.56, which if violated will result in even more drops to 3.48. On the upside, there is a resistance level at 3.76. A further resistance level may holdings at 3.88. The Relative Strength Index (RSI) on the 14-day chart is 51.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.05%. Stochastics %K at 35.61% indicates the stock is a holding.
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.
