The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pinterest Inc shares valued at $38,548 were purchased by Rajaram Gokul on Oct 16 ’24. At $33.52 per share, Rajaram Gokul acquired 1,150 shares.
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Also, Brau Donnelly Julia sold 30,280 shares, netting a total of over 990,868 in proceeds. Following the sale of shares at $32.72 each, the insider now holds 297,351 shares.
Before that, Brau Donnelly Julia had added 30,280 shares to its account. In a trade valued at $990,868, the Officer bought Pinterest Inc shares for $32.72 each.
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 drop of approximately -1.39%. Over the course of the year, Pinterest Inc shares have dropped approximately -9.91%. 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 $31.28, while a 200-day SMA reached $36.38. Nevertheless, trading volume fell to 5.53 million shares from 5.74 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 33.05, which, if violated, would cause prices to drop to 32.74. In the upper region, resistance lies at 33.65. The next price resistance is at 33.94. RSI (Relative Strength Index) is 57.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 45.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
