Pure Storage Inc’s filing revealed that its Chief Visionary Officer Colgrove John unloaded Company’s shares for reported $5.73 million on Oct 21 ’24. In the deal valued at $57.32 per share,100,000 shares were sold. As a result of this transaction, Colgrove John now holds 300,000 shares worth roughly $14.92 million.
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Then, The Colgrove Family Charitable bought 400,000 shares, generating $22,828,000 in total proceeds.
Before that, Chu Mona sold 20,647 shares. Pure Storage Inc shares valued at $1,063,320 were divested by the Chief Accounting Officer at a price of $51.50 per share. As a result of the transaction, Chu Mona now holds 75,992 shares, worth roughly $3.78 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 fall -2.41% to $49.72. Over the last five days, the stock has lost -8.05%. Pure Storage Inc shares have risen nearly 39.43% since the year began. Nevertheless, the stocks have risen 45.30% 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 $51.58, while 200 days put it at $54.13.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 49.13, which if violated will result in even more drops to 48.55. On the upside, there is a resistance level at 50.70. A further resistance level may holdings at 51.69. The Relative Strength Index (RSI) on the 14-day chart is 40.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.75%. Stochastics %K at 5.71% indicates the stock is a buying.
How much short interest is there in Pure Storage Inc?
A steep rise in short interest was recorded in Pure Storage Inc stocks on 2024-10-15, dropping by -1.14 million shares to a total of 8.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.04 million shares. There was a decline of -12.82%, which implies that there is a negative sentiment for the stock.
