Peloton Interactive Inc’s filing revealed that its Interim Co-CEO and President Bruzzo Chris unloaded Company’s shares for reported $0.14 million on Oct 18 ’24. In the deal valued at $5.80 per share,24,977 shares were sold. As a result of this transaction, Bruzzo Chris now holds 149,240 shares worth roughly $0.96 million.
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Then, Boone Karen sold 25,009 shares, generating $144,915 in total proceeds. Upon selling the shares at $5.79, the Interim Co-CEO and President now owns 193,297 shares.
Before that, CHRISTOPHER LOREN BRUZZO bought 24,977 shares. Peloton Interactive Inc shares valued at $144,912 were divested by the Officer at a price of $5.80 per share.
Telsey Advisory Group reiterated its Peloton Interactive Inc [PTON] rating to a Market perform in a research note published on August 23, 2024; the price target was $5. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late August from “an Overweight” to “a Neutral”. Wolfe Research began covering PTON with “Peer perform” recommendation on July 16, 2024. Citigroup revised its rating on May 06, 2024. It rated PTON as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PTON
On Monday, Peloton Interactive Inc [NASDAQ:PTON] saw its stock jump 1.91% to $6.40. Over the last five days, the stock has gained 16.79%. Peloton Interactive Inc shares have risen nearly 5.09% since the year began. Nevertheless, the stocks have risen 43.82% over the past one year. While a 52-week high of $7.24 was reached on 01/05/24, a 52-week low of $2.70 was recorded on 05/02/24. SMA at 50 days reached $4.82, while 200 days put it at $4.17.
Levels Of Support And Resistance For PTON Stock
The 24-hour chart illustrates a support level at 6.31, which if violated will result in even more drops to 6.22. On the upside, there is a resistance level at 6.49. A further resistance level may holdings at 6.58. The Relative Strength Index (RSI) on the 14-day chart is 70.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.69%. Stochastics %K at 92.00% indicates the stock is a selling.
How much short interest is there in Peloton Interactive Inc?
A steep rise in short interest was recorded in Peloton Interactive Inc stocks on 2024-10-15, dropping by -6.53 million shares to a total of 59.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 66.04 million shares. There was a decline of -10.97%, which implies that there is a negative sentiment for the stock.
