In a filing, Penguin Solutions Inc revealed its President, Optimized LED Clark Joseph Gates unloaded Company’s shares for reported $39620.0 on Nov 14 ’24. In the deal valued at $17.50 per share,2,264 shares were sold. As a result of this transaction, Clark Joseph Gates now holds 95,999 shares worth roughly $1.61 million.
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Then, JOSEPH CLARK bought 2,264 shares, generating $38,760 in total proceeds.
Before that, Pacheco Jack A sold 13,334 shares. Penguin Solutions Inc shares valued at $266,951 were divested by the EVP, COO, Pres, Mem Solutions at a price of $20.02 per share. As a result of the transaction, Pacheco Jack A now holds 211,896 shares, worth roughly $3.56 million.
JMP Securities initiated its Penguin Solutions Inc [PENG] rating to a Mkt outperform in a research note published on November 18, 2024; the price target was $23. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Needham also remained covering PENG and reiterated its “Buy” recommendation on October 16, 2024.
Price Performance Review of PENG
On Monday, Penguin Solutions Inc [NASDAQ:PENG] saw its stock jump 2.19% to $16.78. Over the last five days, the stock has lost -2.10%. Penguin Solutions Inc shares have fallen nearly -11.36% since the year began. Nevertheless, the stocks have risen 2.25% over the past one year. While a 52-week high of $29.81 was reached on 07/12/24, a 52-week low of $14.87 was recorded on 10/31/24. SMA at 50 days reached $18.23, while 200 days put it at $20.84.
Levels Of Support And Resistance For PENG Stock
The 24-hour chart illustrates a support level at 16.51, which if violated will result in even more drops to 16.23. On the upside, there is a resistance level at 16.98. A further resistance level may holdings at 17.17. The Relative Strength Index (RSI) on the 14-day chart is 46.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.99%. Stochastics %K at 57.01% indicates the stock is a holding.
How much short interest is there in Penguin Solutions Inc?
A steep rise in short interest was recorded in Penguin Solutions Inc stocks on 2024-10-31, growing by 1.27 million shares to a total of 7.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.35 million shares. There was a rise of 16.66%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 30, 2022 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $40.
