In a filing, Pinterest Inc revealed its Chief Financial Officer Brau Donnelly Julia unloaded Company’s shares for reported $1.34 million on Jun 27 ’24. In the deal valued at $44.38 per share,30,280 shares were sold. As a result of this transaction, Brau Donnelly Julia now holds 362,822 shares worth roughly $13.62 million.
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Then, Acosta Andrea sold 2,564 shares, generating $115,380 in total proceeds. Upon selling the shares at $45.00, the Chief Accounting Officer now owns 186,906 shares.
Before that, Acosta Andrea sold 3,845 shares. Pinterest Inc shares valued at $168,796 were divested by the Chief Accounting Officer at a price of $43.90 per share. As a result of the transaction, Acosta Andrea now holds 189,470 shares, worth roughly $7.11 million.
Wolfe Research initiated its Pinterest Inc [PINS] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. BMO Capital Markets began covering PINS with “an Outperform” recommendation on January 09, 2024.
Price Performance Review of PINS
On Friday, Pinterest Inc [NYSE:PINS] saw its stock fall -0.87% to $37.55. Over the last five days, the stock has lost -7.92%. Pinterest Inc shares have risen nearly 1.38% since the year began. Nevertheless, the stocks have risen 35.56% over the past one year. While a 52-week high of $45.19 was reached on 06/25/24, a 52-week low of $23.59 was recorded on 04/25/24. SMA at 50 days reached $42.28, while 200 days put it at $36.53. A total of 10.96 million shares were traded, compared to the trading of 8.98 million shares in the previous session.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 37.14, which if violated will result in even more drops to 36.72. On the upside, there is a resistance level at 38.28. A further resistance level may holdings at 39.00. The Relative Strength Index (RSI) on the 14-day chart is 22.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.49%. Stochastics%K at 3.61% indicates the stock is a buying.
