Penumbra Inc’s recently made public that its CEO and President Elsesser Adam unloaded Company’s shares for reported $3.07 million on Oct 21 ’24. In the deal valued at $204.56 per share,15,000 shares were sold. As a result of this transaction, Elsesser Adam now holds 867,582 shares worth roughly $208.64 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Grewal Harpreet sold 166 shares, generating $31,678 in total proceeds. Upon selling the shares at $190.83, the Director now owns 8,697 shares.
Before that, Roberts Johanna sold 600 shares. Penumbra Inc shares valued at $114,456 were divested by the EVP, Gen. Counsel & Secretary at a price of $190.76 per share. As a result of the transaction, Roberts Johanna now holds 60,488 shares, worth roughly $14.55 million.
Stifel initiated its Penumbra Inc [PEN] rating to a Buy in a research note published on September 18, 2024; the price target was $238. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering PEN and has decreased its forecast on July 31, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Citigroup revised its rating on July 31, 2024. It rated PEN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PEN
On Monday, Penumbra Inc [NYSE:PEN] saw its stock jump 1.11% to $240.48. Over the last five days, the stock has lost -0.66%. Penumbra Inc shares have fallen nearly -4.40% since the year began. Nevertheless, the stocks have risen 7.52% over the past one year. While a 52-week high of $277.34 was reached on 02/16/24, a 52-week low of $148.00 was recorded on 07/31/24. SMA at 50 days reached $208.16, while 200 days put it at $207.52.
Levels Of Support And Resistance For PEN Stock
The 24-hour chart illustrates a support level at 236.58, which if violated will result in even more drops to 232.69. On the upside, there is a resistance level at 243.10. A further resistance level may holdings at 245.72. The Relative Strength Index (RSI) on the 14-day chart is 68.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.11%. Stochastics %K at 83.52% indicates the stock is a selling.
How much short interest is there in Penumbra Inc?
A steep rise in short interest was recorded in Penumbra Inc stocks on 2024-10-31, dropping by 1492.0 shares to a total of 2.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.26 million shares. There was a decline of -0.07%, which implies that there is a negative sentiment for the stock.
