Penumbra Inc’s recent filing unveils that its Director Grewal Harpreet unloaded Company’s shares for reported $31678.0 on Oct 02 ’24. In the deal valued at $190.83 per share,166 shares were sold. As a result of this transaction, Grewal Harpreet now holds 8,697 shares worth roughly $-1.84 million.
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Then, Roberts Johanna sold 600 shares, generating $114,456 in total proceeds. Upon selling the shares at $190.76, the EVP, Gen. Counsel & Secretary now owns 60,488 shares.
Before that, Kassing Don W. sold 170 shares. Penumbra Inc shares valued at $32,968 were divested by the Director at a price of $193.93 per share. As a result of the transaction, Kassing Don W. now holds 835 shares, worth roughly $0.18 million.
Stifel initiated its Penumbra Inc [PEN] rating to a Buy in a research note published on September 18, 2024; the price target was $238. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering PEN and has decreased its forecast on July 31, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Citigroup revised its rating on July 31, 2024. It rated PEN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PEN
On Monday, Penumbra Inc [NYSE:PEN] saw its stock jump 4.02% to $211.36. Over the last five days, the stock has gained 10.77%. Penumbra Inc shares have fallen nearly -15.97% since the year began. Nevertheless, the stocks have risen 8.33% over the past one year. While a 52-week high of $277.34 was reached on 02/16/24, a 52-week low of $148.00 was recorded on 07/31/24. SMA at 50 days reached $193.05, while 200 days put it at $211.11.
Levels Of Support And Resistance For PEN Stock
The 24-hour chart illustrates a support level at 204.94, which if violated will result in even more drops to 198.52. On the upside, there is a resistance level at 217.61. A further resistance level may holdings at 223.86. The Relative Strength Index (RSI) on the 14-day chart is 64.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.82%. Stochastics %K at 77.16% indicates the stock is a holding.
How much short interest is there in Penumbra Inc?
A steep rise in short interest was recorded in Penumbra Inc stocks on 2024-09-30, dropping by -0.16 million shares to a total of 2.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.42 million shares. There was a decline of -7.16%, which implies that there is a negative sentiment for the stock.
