In a filing, Pinterest Inc revealed its Chief Accounting Officer Acosta Andrea unloaded Company’s shares for reported $0.12 million on Nov 27 ’24. In the deal valued at $30.88 per share,3,845 shares were sold. As a result of this transaction, Acosta Andrea now holds 158,468 shares worth roughly $4.86 million.
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Then, Walcott Wanjiku Juanita sold 11,862 shares, generating $365,587 in total proceeds. Upon selling the shares at $30.82, the Chief Legal & Bus Affairs Ofc. now owns 246,921 shares.
Before that, Acosta Andrea bought 3,845 shares. Pinterest Inc shares valued at $118,734 were divested by the Officer at a price of $30.88 per share.
Piper Sandler downgraded its Pinterest Inc [PINS] rating to a Neutral from a an Overweight in a research note published on December 10, 2024; the price target was decreased to $36 from $41. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Wedbush also remained covering PINS and has increased its forecast on November 11, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Oppenheimer started covering the stock on September 24, 2024. It rated PINS as “an Outperform”.
Price Performance Review of PINS
On Friday, Pinterest Inc [NYSE:PINS] saw its stock fall -0.62% to $30.65. Over the last five days, the stock has lost -5.05%. Pinterest Inc shares have fallen nearly -17.25% since the year began. Nevertheless, the stocks have fallen -16.05% 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 $31.71, while 200 days put it at $35.19.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 30.43, which if violated will result in even more drops to 30.21. On the upside, there is a resistance level at 30.88. A further resistance level may holdings at 31.11. The Relative Strength Index (RSI) on the 14-day chart is 46.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.38%. Stochastics %K at 47.01% 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 2024-11-29, growing by 2.48 million shares to a total of 19.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 16.76 million shares. There was a rise of 12.88%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 23, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $43 price target.
