Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Penumbra Inc shares valued at $159,614 were purchased by Grewal Harpreet on Sep 04 ’24. At $204.11 per share, Grewal Harpreet acquired 782 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Johanna Roberts purchased 2,400 shares, netting a total of over 485,568 in proceeds.
Before that, Elsesser Adam had sold 28,380 shares from its account. In a trade valued at $5,771,597, the CEO and President traded Penumbra Inc shares for $203.37 each. Upon closing the transaction, the insider’s holdings decreased to 28,380 shares, worth approximately $181.81 million.
As published in their initiating research note from Leerink Partners on September 03, 2024, Penumbra Inc [PEN] has been an Outperform and the price target has been revised to $263. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late July. As of July 31, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for PEN. Earlier on February 23, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for PEN stock which previously was a “an Overweight”.
Analyzing PEN Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, Penumbra Inc shares have dropped approximately -19.48%. Shares of the company reached a 52-week high of $277.34 on 02/16/24 and a 52-week low of $148.00 on 07/31/24. A 50-day SMA is recorded $185.65, while a 200-day SMA reached $216.76. Nevertheless, trading volume fell to 0.34 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Penumbra Inc (PEN)
According to the 24-hour chart, there is a support level at 199.92, which, if violated, would cause prices to drop to 197.29. In the upper region, resistance lies at 207.43. The next price resistance is at 212.31. RSI (Relative Strength Index) is 59.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.41, which suggests the price will increase in the coming days. Percent R is at 31.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
