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. Peloton Interactive Inc shares valued at $144,912 were sold by Bruzzo Chris on Oct 18 ’24. At $5.80 per share, Bruzzo Chris sold 24,977 shares. The insider’s holdings dropped to 149,240 shares worth approximately $1.27 million following the completion of this transaction.
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Also, Boone Karen sold 25,009 shares, netting a total of over 144,915 in proceeds. Following the sale of shares at $5.79 each, the insider now holds 193,297 shares.
Before that, CHRISTOPHER LOREN BRUZZO had added 24,977 shares to its account. In a trade valued at $144,912, the Officer bought Peloton Interactive Inc shares for $5.80 each.
As published in a research note from Telsey Advisory Group on August 23, 2024, Peloton Interactive Inc [PTON] has been retained to a Market perform and the price target has been revised to $5. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of July 16, 2024, Wolfe Research has initiated its “Peer perform” rating for PTON. Earlier on May 06, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for PTON stock which previously was a “a Buy”.
Analyzing PTON Stock Performance
During the last five days, there has been a surge of approximately 38.44%. Over the course of the year, Peloton Interactive Inc shares have jumped approximately 39.57%. Shares of the company reached a 52-week high of $8.92 on 10/31/24 and a 52-week low of $2.70 on 05/02/24. A 50-day SMA is recorded $5.06, while a 200-day SMA reached $4.20. Nevertheless, trading volume fell to 114.64 million shares from 25.43 million shares the previous day.
Support And Resistance Levels for Peloton Interactive Inc (PTON)
According to the 24-hour chart, there is a support level at 7.81, which, if violated, would cause prices to drop to 7.11. In the upper region, resistance lies at 9.06. The next price resistance is at 9.61. RSI (Relative Strength Index) is 82.69 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 10.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
