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 $111,478 were sold by Bruzzo Chris on Nov 01 ’24. At $8.24 per share, Bruzzo Chris sold 13,524 shares. The insider’s holdings dropped to 167,362 shares worth approximately $1.34 million following the completion of this transaction.
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Also, Boone Karen sold 13,484 shares, netting a total of over 111,479 in proceeds. Following the sale of shares at $8.27 each, the insider now holds 211,459 shares.
Before that, KAREN BOONE had added 13,484 shares to its account. In a trade valued at $111,479, the Officer bought Peloton Interactive Inc shares for $8.27 each.
As published in a research note from BofA Securities on November 04, 2024, Peloton Interactive Inc [PTON] has been rated up from an Underperform to a Buy and the price target has been revised to $9 from $3.75. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early November. As of August 23, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for PTON. Earlier on August 23, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for PTON stock which previously was a “an Overweight”.
Analyzing PTON Stock Performance
During the last five days, there has been a drop of approximately -5.65%. Over the course of the year, Peloton Interactive Inc shares have jumped approximately 31.69%. 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 $5.36, while a 200-day SMA reached $4.24. Nevertheless, trading volume fell to 20.16 million shares from 24.76 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 7.80, which, if violated, would cause prices to drop to 7.59. In the upper region, resistance lies at 8.25. The next price resistance is at 8.49. RSI (Relative Strength Index) is 69.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 24.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
