Penumbra Inc’s recent filing unveils that its CEO and President Elsesser Adam unloaded Company’s shares for reported $3.64 million on Dec 20 ’24. In the deal valued at $242.96 per share,15,000 shares were sold. As a result of this transaction, Elsesser Adam now holds 837,582 shares worth roughly $198.91 million.
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Then, Roberts Johanna sold 600 shares, generating $146,697 in total proceeds. Upon selling the shares at $244.49, the EVP, Gen. Counsel & Secretary now owns 63,444 shares.
Before that, Shiu Lambert sold 1,798 shares. Penumbra Inc shares valued at $436,123 were divested by the Chief Accounting Officer at a price of $242.56 per share. As a result of the transaction, Shiu Lambert now holds 20,682 shares, worth roughly $4.91 million.
Oppenheimer initiated its Penumbra Inc [PEN] rating to an Outperform in a research note published on December 17, 2024; the price target was $275. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Stifel began covering PEN with “Buy” recommendation on September 18, 2024. Leerink Partners started covering the stock on September 03, 2024. It rated PEN as “an Outperform”.
Price Performance Review of PEN
On Tuesday, Penumbra Inc [NYSE:PEN] saw its stock fall -0.29% to $237.48. Over the last five days, the stock has lost -1.28%. Penumbra Inc shares have fallen nearly -5.59% since the year began. Nevertheless, the stocks have fallen -5.59% over the past one year. While a 52-week high of $277.34 was reached on 02/16/24, a 52-week low of $148.00 was recorded on 07/31/24. SMA at 50 days reached $235.29, while 200 days put it at $206.37.
Levels Of Support And Resistance For PEN Stock
The 24-hour chart illustrates a support level at 235.44, which if violated will result in even more drops to 233.39. On the upside, there is a resistance level at 240.71. A further resistance level may holdings at 243.93. The Relative Strength Index (RSI) on the 14-day chart is 46.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.15%. Stochastics %K at 14.65% indicates the stock is a buying.
How much short interest is there in Penumbra Inc?
A steep rise in short interest was recorded in Penumbra Inc stocks on 2024-12-13, dropping by -0.14 million shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.92 million shares. There was a decline of -7.82%, which implies that there is a negative sentiment for the stock.
