Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pinterest Inc shares valued at $1,343,887 were sold by Brau Donnelly Julia on Jun 27 ’24. At $44.38 per share, Brau Donnelly Julia sold 30,280 shares. The insider’s holdings dropped to 362,822 shares worth approximately $11.8 million following the completion of this transaction.
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Also, Acosta Andrea sold 2,564 shares, netting a total of over 115,380 in proceeds. Following the sale of shares at $45.00 each, the insider now holds 186,906 shares.
Before that, Acosta Andrea had sold 3,845 shares from its account. In a trade valued at $168,796, the Chief Accounting Officer traded Pinterest Inc shares for $43.90 each. Upon closing the transaction, the insider’s holdings decreased to 3,845 shares, worth approximately $6.16 million.
As published in a research note from Wells Fargo on July 31, 2024, Pinterest Inc [PINS] has been retained to an Overweight and the price target has been revised to $41. Analysts at Piper Sandler resumed the stock at ‘”an Overweight”‘ outlook in a report released in late July. As of July 31, 2024, KeyBanc Capital Markets has reiterated its “an Overweight” rating for PINS. Earlier on July 31, 2024, JP Morgan resumed its rating. Their recommendation was “a Neutral” for PINS stock.
Analyzing PINS Stock Performance
During the last five days, there has been a surge of approximately 11.07%. Over the course of the year, Pinterest Inc shares have dropped approximately -12.20%. Shares of the company reached a 52-week high of $45.19 on 06/25/24 and a 52-week low of $27.00 on 08/05/24. A 50-day SMA is recorded $38.29, while a 200-day SMA reached $36.86. Nevertheless, trading volume fell to 9.8 million shares from 14.17 million shares the previous day.
Support And Resistance Levels for Pinterest Inc (PINS)
According to the 24-hour chart, there is a support level at 31.90, which, if violated, would cause prices to drop to 31.28. In the upper region, resistance lies at 32.87. The next price resistance is at 33.21. RSI (Relative Strength Index) is 44.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.03, which suggests the price will increase in the coming days. Percent R is at 1.25%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
