Pinterest Inc’s recently made public that 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 $11.25 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 $5.88 million.
Wells Fargo reiterated its Pinterest Inc [PINS] rating to an Overweight in a research note published on July 31, 2024; the price target was $41. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Overweight”‘ rating for it. KeyBanc Capital Markets also remained covering PINS and reiterated its “an Overweight” recommendation on July 31, 2024. JP Morgan maintained its rating on July 31, 2024. It rated PINS as “a Neutral”.
Price Performance Review of PINS
On Friday, Pinterest Inc [NYSE:PINS] saw its stock jump 1.11% to $31.01. Over the last five days, the stock has gained 6.97%. Pinterest Inc shares have fallen nearly -16.28% since the year began. Nevertheless, the stocks have risen 18.31% 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 08/05/24. SMA at 50 days reached $38.99, while 200 days put it at $36.84.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 30.56, which if violated will result in even more drops to 30.11. On the upside, there is a resistance level at 31.29. A further resistance level may holdings at 31.58. The Relative Strength Index (RSI) on the 14-day chart is 33.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.36%. Stochastics%K at 29.31% indicates the stock is a holding.
How much short interest is there in Pinterest Inc?
A steep rise in short interest was recorded in Pinterest Inc stocks on 2024-07-31, dropping by -1.55 million shares to a total of 28.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 29.68 million shares. There was a decline of -5.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 31, 2024 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $44.
