Penguin Solutions Inc’s filing revealed 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 $3.38 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 $3.38 million.
Goldman initiated its Penguin Solutions Inc [PENG] rating to a Buy in a research note published on November 01, 2024; the price target was $21. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Buy”‘ rating for it. Needham maintained its rating on June 30, 2022. It rated PENG as “a Buy”.
Price Performance Review of PENG
On Friday, Penguin Solutions Inc [NASDAQ:PENG] saw its stock jump 6.11% to $15.97. Over the last five days, the stock has gained 4.31%. Penguin Solutions Inc shares have fallen nearly -15.64% since the year began. Nevertheless, the stocks have risen 17.17% over the past one year. While a 52-week high of $29.81 was reached on 07/12/24, a 52-week low of $13.44 was recorded on 10/31/24. SMA at 50 days reached $18.78, while 200 days put it at $21.07.
Levels Of Support And Resistance For PENG Stock
The 24-hour chart illustrates a support level at 15.49, which if violated will result in even more drops to 15.02. On the upside, there is a resistance level at 16.36. A further resistance level may holdings at 16.75. The Relative Strength Index (RSI) on the 14-day chart is 39.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.70%. Stochastics %K at 9.71% 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 2024-10-15, growing by 0.65 million shares to a total of 6.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.6 million shares. There was a rise of 10.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 27, 2021 when Rosenblatt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $100.
