The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pure Storage Inc shares valued at $1,229,939 were purchased by Singh Ajay on Dec 31 ’24. At $61.58 per share, Singh Ajay acquired 19,972 shares.
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Also, FitzSimons Dan sold 8,895 shares, netting a total of over 570,258 in proceeds. Following the sale of shares at $64.11 each, the insider now holds 72,927 shares.
Before that, DANIEL P FITZSIMONS had added 8,895 shares to its account. In a trade valued at $570,227, the Officer bought Pure Storage Inc shares for $64.11 each.
As published in a research note from Piper Sandler on December 04, 2024, Pure Storage Inc [PSTG] has been rated up from a Neutral to an Overweight and the price target has been revised to $76 from $56. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in early December. As of December 04, 2024, TD Cowen has reiterated its “Buy” rating for PSTG. Earlier on December 04, 2024, Stifel resumed its rating. Their recommendation was “a Hold” for PSTG stock.
Analyzing PSTG Stock Performance
During the last five days, there has been a drop of approximately -3.71%. Over the course of the year, Pure Storage Inc shares have jumped approximately 72.27%. Shares of the company reached a 52-week high of $70.41 on 06/18/24 and a 52-week low of $34.32 on 01/02/24. A 50-day SMA is recorded $56.56, while a 200-day SMA reached $56.48. Nevertheless, trading volume fell to 1.88 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Pure Storage Inc (PSTG)
According to the 24-hour chart, there is a support level at 60.65, which, if violated, would cause prices to drop to 59.88. In the upper region, resistance lies at 62.72. The next price resistance is at 64.02. RSI (Relative Strength Index) is 51.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 89.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
