In a filing, Pinterest Inc revealed its Chief Product Officer Ellis Sabrina unloaded Company’s shares for reported $0.93 million on May 28 ’24. In the deal valued at $41.42 per share,22,345 shares were sold. As a result of this transaction, Ellis Sabrina now holds 542,848 shares worth roughly $22.37 million.
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Then, Walcott Wanjiku Juanita sold 11,627 shares, generating $481,603 in total proceeds. Upon selling the shares at $41.42, the Chief Legal & Bus Affairs Ofc. now owns 307,256 shares.
Before that, Sharp Evan sold 137,756 shares. Pinterest Inc shares valued at $5,768,733 were divested by the Director at a price of $41.88 per share. As a result of the transaction, Sharp Evan now holds 0 shares, worth roughly $0.0.
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 -0.70% to $41.20. Over the last five days, the stock has lost -0.58%. Pinterest Inc shares have risen nearly 11.23% since the year began. Nevertheless, the stocks have risen 74.50% over the past one year. While a 52-week high of $43.12 was reached on 05/20/24, a 52-week low of $23.35 was recorded on 04/25/24. SMA at 50 days reached $37.48, while 200 days put it at $33.66. A total of 8.48 million shares were traded, compared to the trading of 5.31 million shares in the previous session.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 40.78, which if violated will result in even more drops to 40.35. On the upside, there is a resistance level at 41.77. A further resistance level may holdings at 42.33. The Relative Strength Index (RSI) on the 14-day chart is 57.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.40%. Stochastics %K at 21.59% indicates the stock is a holding.
