In a filing, Peloton Interactive Inc revealed its Director Bruzzo Chris unloaded Company’s shares for reported $0.11 million on Nov 01 ’24. In the deal valued at $8.24 per share,13,524 shares were sold. As a result of this transaction, Bruzzo Chris now holds 167,362 shares worth roughly $1.26 million.
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Then, Boone Karen sold 13,484 shares, generating $111,479 in total proceeds. Upon selling the shares at $8.27, the Interim CEO and President now owns 211,459 shares.
Before that, KAREN BOONE bought 13,484 shares. Peloton Interactive Inc shares valued at $111,479 were divested by the Officer at a price of $8.27 per share.
BofA Securities upgraded its Peloton Interactive Inc [PTON] rating to a Buy from a an Underperform in a research note published on November 04, 2024; the price target was increased to $9 from $3.75. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering PTON and reiterated its “Market perform” recommendation on August 23, 2024. JP Morgan revised its rating on August 23, 2024. It rated PTON as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of PTON
On Monday, Peloton Interactive Inc [NASDAQ:PTON] saw its stock jump 3.59% to $7.51. Over the last five days, the stock has gained 17.34%. Peloton Interactive Inc shares have risen nearly 23.32% since the year began. Nevertheless, the stocks have risen 38.31% over the past one year. While a 52-week high of $8.92 was reached on 10/31/24, a 52-week low of $2.70 was recorded on 05/02/24. SMA at 50 days reached $5.17, while 200 days put it at $4.21.
Levels Of Support And Resistance For PTON Stock
The 24-hour chart illustrates a support level at 7.25, which if violated will result in even more drops to 6.99. On the upside, there is a resistance level at 7.88. A further resistance level may holdings at 8.25. The Relative Strength Index (RSI) on the 14-day chart is 65.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.40%. Stochastics %K at 69.60% indicates the stock is a holding.
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.
The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
