In a filing, Pure Storage Inc revealed its Chief Visionary Officer Colgrove John unloaded Company’s shares for reported $4.74 million on Sep 04 ’24. In the deal valued at $47.41 per share,100,000 shares were sold. As a result of this transaction, Colgrove John now holds 600,000 shares worth roughly $29.34 million.
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Then, Colgrove John sold 100,000 shares, generating $6,176,000 in total proceeds. Upon selling the shares at $61.76, the Chief Visionary Officer now owns 700,000 shares.
Before that, FitzSimons Dan sold 9,881 shares. Pure Storage Inc shares valued at $586,141 were divested by the Chief Revenue Officer at a price of $59.32 per share. As a result of the transaction, FitzSimons Dan now holds 115,601 shares, worth roughly $5.65 million.
TD Cowen reiterated its Pure Storage Inc [PSTG] rating to a Buy in a research note published on August 29, 2024; the price target was $70. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. Piper Sandler began covering PSTG with “Neutral” recommendation on August 19, 2024. UBS revised its rating on July 02, 2024. It rated PSTG as “a Sell” which previously was an “a Neutral”.
Price Performance Review of PSTG
On Friday, Pure Storage Inc [NYSE:PSTG] saw its stock jump 1.33% to $48.90. Over the last five days, the stock has gained 6.93%. Pure Storage Inc shares have risen nearly 37.13% since the year began. Nevertheless, the stocks have risen 31.06% over the past one year. While a 52-week high of $70.41 was reached on 06/18/24, a 52-week low of $31.00 was recorded on 01/02/24. SMA at 50 days reached $57.52, while 200 days put it at $51.20.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 48.30, which if violated will result in even more drops to 47.70. On the upside, there is a resistance level at 49.46. A further resistance level may holdings at 50.01. The Relative Strength Index (RSI) on the 14-day chart is 37.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.93%. Stochastics %K at 19.92% indicates the stock is a buying.
How much short interest is there in Pure Storage Inc?
A steep rise in short interest was recorded in Pure Storage Inc stocks on 2024-08-30, dropping by -1.53 million shares to a total of 8.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.54 million shares. There was a decline of -19.16%, which implies that there is a negative sentiment for the stock.
