Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Peloton Interactive Inc shares valued at $51,674 were sold by Bruzzo Chris on Aug 01 ’24. At $3.42 per share, Bruzzo Chris sold 15,113 shares. The insider’s holdings dropped to 97,433 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Boone Karen sold 15,080 shares, netting a total of over 51,675 in proceeds. Following the sale of shares at $3.43 each, the insider now holds 141,522 shares.
Before that, KAREN BOONE had added 15,080 shares to its account. In a trade valued at $51,675, the Officer bought Peloton Interactive Inc shares for $3.43 each.
As published in their initiating research note from Wolfe Research on July 16, 2024, Peloton Interactive Inc [PTON] has been a Peer perform. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of May 03, 2024, Bernstein has decreased its “an Outperform” rating to a “Mkt perform” for PTON. Earlier on April 29, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for PTON stock.
Analyzing PTON Stock Performance
During the last five days, there has been a drop of approximately -1.37%. Over the course of the year, Peloton Interactive Inc shares have dropped approximately -52.71%. 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 $3.49, while a 200-day SMA reached $4.40. Nevertheless, trading volume fell to 17.14 million shares from 13.51 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 2.75, which, if violated, would cause prices to drop to 2.61. In the upper region, resistance lies at 3.10. The next price resistance is at 3.31. RSI (Relative Strength Index) is 34.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 94.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
