Pinterest Inc’s recently made public that its Chief Financial Officer Brau Donnelly Julia unloaded Company’s shares for reported $0.99 million on Sep 27 ’24. In the deal valued at $32.72 per share,30,280 shares were sold. As a result of this transaction, Brau Donnelly Julia now holds 297,351 shares worth roughly $9.89 million.
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Then, Brau Donnelly Julia bought 30,280 shares, generating $990,868 in total proceeds.
Before that, Rajaram Gokul sold 1,150 shares. Pinterest Inc shares valued at $33,810 were divested by the Director at a price of $29.40 per share. As a result of the transaction, Rajaram Gokul now holds 34,836 shares, worth roughly $1.16 million.
Oppenheimer initiated its Pinterest Inc [PINS] rating to an Outperform in a research note published on September 24, 2024; the price target was $45. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Cantor Fitzgerald began covering PINS with “an Overweight” recommendation on September 05, 2024. Wells Fargo maintained its rating on July 31, 2024. It rated PINS as “an Overweight”.
Price Performance Review of PINS
On Friday, Pinterest Inc [NYSE:PINS] saw its stock jump 1.46% to $33.25. Over the last five days, the stock has gained 2.37%. Pinterest Inc shares have fallen nearly -10.23% since the year began. Nevertheless, the stocks have risen 25.99% 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 $31.16, while 200 days put it at $36.53.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 32.76, which if violated will result in even more drops to 32.28. On the upside, there is a resistance level at 33.64. A further resistance level may holdings at 34.04. The Relative Strength Index (RSI) on the 14-day chart is 63.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.87%. Stochastics %K at 80.56% indicates the stock is a selling.
How much short interest is there in Pinterest Inc?
A steep rise in short interest was recorded in Pinterest Inc stocks on 2024-09-13, growing by 0.84 million shares to a total of 18.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.01 million shares. There was a rise of 4.47%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 31, 2024 when Piper Sandler resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $45.
