Penguin Solutions Inc’s recent filing unveils that its EVP, COO, Pres, Integrated Mem Pacheco Jack A unloaded Company’s shares for reported $0.13 million on Dec 26 ’24. In the deal valued at $20.00 per share,6,666 shares were sold. As a result of this transaction, Pacheco Jack A now holds 235,960 shares worth roughly $4.66 million.
Then, Pacheco Jack A sold 13,334 shares, generating $267,367 in total proceeds. Upon selling the shares at $20.05, the EVP, COO, Pres, Integrated Mem now owns 235,960 shares.
Before that, JACK A PACHECO bought 33,334 shares. Penguin Solutions Inc shares valued at $662,347 were divested by the Officer at a price of $19.87 per share.
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 Monday, Penguin Solutions Inc [NASDAQ:PENG] saw its stock jump 2.71% to $19.73. Over the last five days, the stock has gained 1.86%. Penguin Solutions Inc shares have risen nearly 2.81% since the year began. Nevertheless, the stocks have risen 11.85% over the past one year. While a 52-week high of $29.81 was reached on 01/06/25, a 52-week low of $14.87 was recorded on 01/02/25. SMA at 50 days reached $18.12, while 200 days put it at $20.37.
Levels Of Support And Resistance For PENG Stock
The 24-hour chart illustrates a support level at 19.44, which if violated will result in even more drops to 19.14. On the upside, there is a resistance level at 20.13. A further resistance level may holdings at 20.52. The Relative Strength Index (RSI) on the 14-day chart is 55.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.81%. Stochastics %K at 57.70% 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 2024-12-13, growing by 1.48 million shares to a total of 8.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 7.07 million shares. There was a rise of 17.26%, 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.
