Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pinterest Inc shares valued at $35,627 were purchased by Rajaram Gokul on Dec 18 ’24. At $30.98 per share, Rajaram Gokul acquired 1,150 shares.
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Also, Acosta Andrea sold 3,845 shares, netting a total of over 118,734 in proceeds. Following the sale of shares at $30.88 each, the insider now holds 158,468 shares.
Before that, Walcott Wanjiku Juanita had sold 11,862 shares from its account. In a trade valued at $365,587, the Chief Legal & Bus Affairs Ofc. traded Pinterest Inc shares for $30.82 each. Upon closing the transaction, the insider’s holdings decreased to 11,862 shares, worth approximately $7.38 million.
As published in a research note from Piper Sandler on December 10, 2024, Pinterest Inc [PINS] has been rated down from an Overweight to a Neutral and the price target has been revised to $36 from $41. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of November 11, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for PINS. Earlier on September 24, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for PINS stock.
Analyzing PINS Stock Performance
During the last five days, there has been a drop of approximately -6.45%. Over the course of the year, Pinterest Inc shares have dropped approximately -19.36%. Shares of the company reached a 52-week high of $45.19 on 06/25/24 and a 52-week low of $27.00 on 08/05/24. A 50-day SMA is recorded $31.56, while a 200-day SMA reached $35.11. Nevertheless, trading volume fell to 9.7 million shares from 13.01 million shares the previous day.
Support And Resistance Levels for Pinterest Inc (PINS)
According to the 24-hour chart, there is a support level at 29.27, which, if violated, would cause prices to drop to 28.66. In the upper region, resistance lies at 30.89. The next price resistance is at 31.91. RSI (Relative Strength Index) is 43.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.88, which suggests the price will decrease in the coming days. Percent R is at 94.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
