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Peloton Interactive Inc [PTON] Interim Co-CEO and President makes an insider sale of 14,879 shares worth 49,075.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Peloton Interactive Inc shares valued at $49,075 were sold by Bruzzo Chris on Jul 01 ’24. At $3.30 per share, Bruzzo Chris sold 14,879 shares. The insider’s holdings dropped to 72,115 shares worth approximately $0.24 million following the completion of this transaction.

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Also, Boone Karen sold 14,841 shares, netting a total of over 49,073 in proceeds. Following the sale of shares at $3.31 each, the insider now holds 116,171 shares.

Before that, Coddington Elizabeth F had sold 8,923 shares from its account. In a trade valued at $32,818, the Chief Financial Officer traded Peloton Interactive Inc shares for $3.68 each. Upon closing the transaction, the insider’s holdings decreased to 8,923 shares, worth approximately $0.62 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 -3.47%. Over the course of the year, Peloton Interactive Inc shares have dropped approximately -45.16%. 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 $3.57, while a 200-day SMA reached $4.61. Nevertheless, trading volume fell to 4.51 million shares from 8.25 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 3.31, which, if violated, would cause prices to drop to 3.25. In the upper region, resistance lies at 3.42. The next price resistance is at 3.47. RSI (Relative Strength Index) is 43.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 76.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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