In a filing, Pinterest Inc revealed its Director Rajaram Gokul unloaded Company’s shares for reported $38548.0 on Oct 16 ’24. In the deal valued at $33.52 per share,1,150 shares were sold. As a result of this transaction, Rajaram Gokul now holds 33,686 shares worth roughly $1.03 million.
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Then, Rajaram Gokul bought 1,150 shares, generating $38,548 in total proceeds.
Before that, Brau Donnelly Julia sold 30,280 shares. Pinterest Inc shares valued at $990,868 were divested by the Chief Financial Officer at a price of $32.72 per share. As a result of the transaction, Brau Donnelly Julia now holds 297,351 shares, worth roughly $9.12 million.
Wedbush upgraded its Pinterest Inc [PINS] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Deutsche Bank began covering PINS with “Buy” recommendation on September 23, 2024. Cantor Fitzgerald started covering the stock on September 05, 2024. It rated PINS as “an Overweight”.
Price Performance Review of PINS
On Tuesday, Pinterest Inc [NYSE:PINS] saw its stock jump 0.92% to $30.67. Over the last five days, the stock has lost -6.27%. Pinterest Inc shares have fallen nearly -17.20% since the year began. Nevertheless, the stocks have fallen -1.29% over the past one year. While a 52-week high of $45.19 was reached on 06/25/24, a 52-week low of $27.00 was recorded on 08/05/24. SMA at 50 days reached $31.77, while 200 days put it at $35.92.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 30.18, which if violated will result in even more drops to 29.68. On the upside, there is a resistance level at 31.19. A further resistance level may holdings at 31.70. The Relative Strength Index (RSI) on the 14-day chart is 42.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.23%. Stochastics %K at 31.99% indicates the stock is a holding.
How much short interest is there in Pinterest Inc?
A steep rise in short interest was recorded in Pinterest Inc stocks on 2024-10-31, dropping by -3.82 million shares to a total of 16.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.58 million shares. There was a decline of -22.78%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 31, 2024 when Wells Fargo resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $41.
