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 $990,868 were sold by Brau Donnelly Julia on Sep 27 ’24. At $32.72 per share, Brau Donnelly Julia sold 30,280 shares. The insider’s holdings dropped to 297,351 shares worth approximately $9.88 million following the completion of this transaction.
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Also, Brau Donnelly Julia purchased 30,280 shares, netting a total of over 990,868 in proceeds.
Before that, Rajaram Gokul had sold 1,150 shares from its account. In a trade valued at $33,810, the Director traded Pinterest Inc shares for $29.40 each. Upon closing the transaction, the insider’s holdings decreased to 1,150 shares, worth approximately $1.16 million.
As published in their initiating research note from Oppenheimer on September 24, 2024, Pinterest Inc [PINS] has been an Outperform and the price target has been revised to $45. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of September 05, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for PINS. Earlier on July 31, 2024, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for PINS stock.
Analyzing PINS Stock Performance
During the last five days, there has been a surge of approximately 3.30%. Over the course of the year, Pinterest Inc shares have dropped approximately -10.34%. 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 $31.37, while a 200-day SMA reached $36.58. Nevertheless, trading volume fell to 6.2 million shares from 11.29 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 32.75, which, if violated, would cause prices to drop to 32.30. In the upper region, resistance lies at 33.47. The next price resistance is at 33.73. RSI (Relative Strength Index) is 64.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 16.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
