Pure Storage Inc’s filing revealed that its Director The Colgrove Family Charitable acquired Company’s shares for reported $22.83 million on Oct 21 ’24. In the deal valued at $57.07 per share,400,000 shares were bought.
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Then, Chu Mona sold 20,647 shares, generating $1,063,320 in total proceeds. Upon selling the shares at $51.50, the Chief Accounting Officer now owns 75,992 shares.
Before that, Colgrove John sold 100,000 shares. Pure Storage Inc shares valued at $5,100,668 were divested by the Chief Visionary Officer at a price of $51.01 per share. As a result of the transaction, Colgrove John now holds 400,000 shares, worth roughly $23.02 million.
Guggenheim reiterated its Pure Storage Inc [PSTG] rating to a Buy in a research note published on October 17, 2024; the price target was $93. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering PSTG and reiterated its “Buy” recommendation on August 29, 2024. Piper Sandler started covering the stock on August 19, 2024. It rated PSTG as “a Neutral”.
Price Performance Review of PSTG
On Monday, Pure Storage Inc [NYSE:PSTG] saw its stock jump 0.86% to $57.56. Over the last five days, the stock has gained 6.79%. Pure Storage Inc shares have risen nearly 61.41% since the year began. Nevertheless, the stocks have risen 70.09% over the past one year. While a 52-week high of $70.41 was reached on 06/18/24, a 52-week low of $31.00 was recorded on 01/02/24. SMA at 50 days reached $53.26, while 200 days put it at $53.37.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 56.82, which if violated will result in even more drops to 56.08. On the upside, there is a resistance level at 58.13. A further resistance level may holdings at 58.70. The Relative Strength Index (RSI) on the 14-day chart is 69.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.35%. Stochastics %K at 96.79% indicates the stock is a selling.
How much short interest is there in Pure Storage Inc?
A steep rise in short interest was recorded in Pure Storage Inc stocks on 2024-09-30, growing by 1.71 million shares to a total of 9.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.01 million shares. There was a rise of 17.6%, which implies that there is a positive sentiment for the stock.
