Pinterest Inc’s recently made public that its Director Rajaram Gokul unloaded Company’s shares for reported $34190.0 on Nov 20 ’24. In the deal valued at $29.73 per share,1,150 shares were sold. As a result of this transaction, Rajaram Gokul now holds 32,536 shares worth roughly $1.01 million.
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Then, Rajaram Gokul bought 1,150 shares, generating $34,190 in total proceeds.
Before that, Rajaram Gokul sold 1,150 shares. Pinterest Inc shares valued at $38,548 were divested by the Director at a price of $33.52 per share. As a result of the transaction, Rajaram Gokul now holds 33,686 shares, worth roughly $1.04 million.
TD Cowen initiated its Pinterest Inc [PINS] rating to a Buy in a research note published on November 26, 2024; the price target was $38. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Outperform”. Oppenheimer began covering PINS with “an Outperform” recommendation on September 24, 2024. Deutsche Bank started covering the stock on September 23, 2024. It rated PINS as “a Buy”.
Price Performance Review of PINS
On Tuesday, Pinterest Inc [NYSE:PINS] saw its stock jump 1.61% to $31.00. Over the last five days, the stock has gained 4.41%. Pinterest Inc shares have fallen nearly -16.31% since the year began. Nevertheless, the stocks have fallen -3.37% 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 $31.80, while 200 days put it at $35.46.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 30.49, which if violated will result in even more drops to 29.98. On the upside, there is a resistance level at 31.39. A further resistance level may holdings at 31.78. The Relative Strength Index (RSI) on the 14-day chart is 50.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.32%. Stochastics %K at 38.39% 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 2024-11-15, dropping by -5.24 million shares to a total of 17.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 23.23 million shares. There was a decline of -29.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 05, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $41 price target.
