Penguin Solutions Inc.’s recent filing unveils that its EVP, COO, Pres, Mem Solutions Pacheco Jack A unloaded Company’s shares for reported $0.27 million on Sep 20 ’24. In the deal valued at $20.02 per share,13,334 shares were sold. As a result of this transaction, Pacheco Jack A now holds 211,896 shares worth roughly $3.32 million.
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Then, Pacheco Jack A sold 13,333 shares, generating $281,822 in total proceeds. Upon selling the shares at $21.14, the EVP, COO, Pres, Mem Solutions now owns 211,896 shares.
Before that, Pacheco Jack A sold 13,333 shares. Penguin Solutions Inc. shares valued at $308,835 were divested by the EVP, COO, Pres, Mem Solutions at a price of $23.16 per share. As a result of the transaction, Pacheco Jack A now holds 211,896 shares, worth roughly $3.32 million.
Needham reiterated its Penguin Solutions Inc. [PENG] rating to a Buy in a research note published on October 16, 2024; the price target was $25. Needham also remained covering PENG and reiterated its “Buy” recommendation on June 30, 2022. Rosenblatt maintained its rating on December 27, 2021. It rated PENG as “a Buy”.
Price Performance Review of PENG
On Friday, Penguin Solutions Inc. [NASDAQ:PENG] saw its stock fall -2.85% to $15.69. Over the last five days, the stock has lost -24.42%. Penguin Solutions Inc. shares have fallen nearly -17.12% since the year began. Nevertheless, the stocks have risen 9.34% over the past one year. While a 52-week high of $29.81 was reached on 07/12/24, a 52-week low of $13.14 was recorded on 10/16/24. SMA at 50 days reached $19.79, while 200 days put it at $21.30.
Levels Of Support And Resistance For PENG Stock
The 24-hour chart illustrates a support level at 15.35, which if violated will result in even more drops to 15.02. On the upside, there is a resistance level at 16.23. A further resistance level may holdings at 16.78. The Relative Strength Index (RSI) on the 14-day chart is 28.45, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.40%. Stochastics %K at 11.59% indicates the stock is a buying.
How much short interest is there in Penguin Solutions Inc.?
A steep rise in short interest was recorded in Penguin Solutions Inc. stocks on 2024-09-30, growing by 0.56 million shares to a total of 6.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.8 million shares. There was a rise of 8.75%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 07, 2021 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $75.
