Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Peloton Interactive Inc shares valued at $222,627 were purchased by PAMELA THOMAS-GRAHAM on Nov 21 ’24. At $8.36 per share, PAMELA THOMAS-GRAHAM acquired 26,630 shares.
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Also, RENDICH ANDREW S sold 24,003 shares, netting a total of over 194,026 in proceeds. Following the sale of shares at $8.08 each, the insider now holds 263,970 shares.
Before that, Cotter Jennifer Cunningham had sold 47,024 shares from its account. In a trade valued at $380,161, the Chief Content Officer traded Peloton Interactive Inc shares for $8.08 each. Upon closing the transaction, the insider’s holdings decreased to 47,024 shares, worth approximately $1.68 million.
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 surge of approximately 13.25%. Over the course of the year, Peloton Interactive Inc shares have jumped approximately 48.77%. Shares of the company reached a 52-week high of $9.19 on 11/21/24 and a 52-week low of $2.70 on 05/02/24. A 50-day SMA is recorded $6.11, while a 200-day SMA reached $4.41. Nevertheless, trading volume fell to 20.37 million shares from 16.03 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 8.48, which, if violated, would cause prices to drop to 7.90. In the upper region, resistance lies at 9.42. The next price resistance is at 9.77. RSI (Relative Strength Index) is 68.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 7.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
