Penguin Solutions Inc’s recently made public that its EVP, COO, Pres, Integrated Mem Pacheco Jack A unloaded Company’s shares for reported $0.27 million on Dec 09 ’24. In the deal valued at $20.05 per share,13,334 shares were sold. As a result of this transaction, Pacheco Jack A now holds 235,960 shares worth roughly $4.37 million.
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Then, JACK A PACHECO bought 33,334 shares, generating $662,347 in total proceeds.
Before that, Clark Joseph Gates sold 2,264 shares. Penguin Solutions Inc shares valued at $39,620 were divested by the President, Optimized LED at a price of $17.50 per share. As a result of the transaction, Clark Joseph Gates now holds 95,999 shares, worth roughly $1.78 million.
JMP Securities initiated its Penguin Solutions Inc [PENG] rating to a Mkt outperform in a research note published on November 18, 2024; the price target was $23. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Needham also remained covering PENG and reiterated its “Buy” recommendation on October 16, 2024.
Price Performance Review of PENG
On Friday, Penguin Solutions Inc [NASDAQ:PENG] saw its stock jump 0.82% to $18.51. Over the last five days, the stock has lost -6.84%. Penguin Solutions Inc shares have fallen nearly -2.22% since the year began. Nevertheless, the stocks have risen 3.76% over the past one year. While a 52-week high of $29.81 was reached on 07/12/24, a 52-week low of $14.87 was recorded on 10/31/24. SMA at 50 days reached $17.75, while 200 days put it at $20.54.
Levels Of Support And Resistance For PENG Stock
The 24-hour chart illustrates a support level at 18.05, which if violated will result in even more drops to 17.58. On the upside, there is a resistance level at 18.80. A further resistance level may holdings at 19.08. The Relative Strength Index (RSI) on the 14-day chart is 47.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.52%. Stochastics %K at 23.03% indicates the stock is a holding.
How much short interest is there in Penguin Solutions Inc?
A steep rise in short interest was recorded in Penguin Solutions Inc stocks on 2024-11-29, growing by 0.28 million shares to a total of 7.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.62 million shares. There was a rise of 3.51%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 30, 2022 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $40.
