Pure Storage Inc’s recent filing unveils that its Chief Visionary Officer Colgrove John unloaded Company’s shares for reported $5.0 million on Nov 04 ’24. In the deal valued at $50.01 per share,100,000 shares were sold. As a result of this transaction, Colgrove John now holds 200,000 shares worth roughly $9.9 million.
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Then, Colgrove John sold 100,000 shares, generating $5,732,388 in total proceeds. Upon selling the shares at $57.32, the Chief Visionary Officer now owns 300,000 shares.
Before that, The Colgrove Family Charitable bought 400,000 shares. Pure Storage Inc shares valued at $22,828,000 were divested by the Director at a price of $57.07 per share.
Cleveland Research initiated its Pure Storage Inc [PSTG] rating to 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 mid November with a ‘”an Outperform”‘ rating. Guggenheim also remained covering PSTG and reiterated its “Buy” recommendation on October 17, 2024. TD Cowen maintained its rating on August 29, 2024. It rated PSTG as “a Buy”.
Price Performance Review of PSTG
On Monday, Pure Storage Inc [NYSE:PSTG] saw its stock jump 2.76% to $49.52. Over the last five days, the stock has lost -5.89%. Pure Storage Inc shares have risen nearly 38.87% since the year began. Nevertheless, the stocks have risen 36.95% 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 $51.47, while 200 days put it at $54.63.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 48.87, which if violated will result in even more drops to 48.22. On the upside, there is a resistance level at 49.88. A further resistance level may holdings at 50.24. The Relative Strength Index (RSI) on the 14-day chart is 42.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.50%. Stochastics %K at 40.54% indicates the stock is a holding.
How much short interest is there in Pure Storage Inc?
A steep rise in short interest was recorded in Pure Storage Inc stocks on 2024-10-31, dropping by -0.73 million shares to a total of 8.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.72 million shares. There was a decline of -8.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 29, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $62.
