In a filing, Pinterest Inc revealed its Director Rajaram Gokul unloaded Company’s shares for reported $35627.0 on Dec 18 ’24. In the deal valued at $30.98 per share,1,150 shares were sold. As a result of this transaction, Rajaram Gokul now holds 31,386 shares worth roughly $0.93 million.
Then, Rajaram Gokul bought 1,150 shares, generating $35,627 in total proceeds.
Before that, Acosta Andrea sold 3,845 shares. Pinterest Inc shares valued at $118,734 were divested by the Chief Accounting Officer at a price of $30.88 per share. As a result of the transaction, Acosta Andrea now holds 158,468 shares, worth roughly $4.72 million.
Jefferies downgraded its Pinterest Inc [PINS] rating to a Hold from a a Buy in a research note published on January 13, 2025; the price target was decreased to $32 from $40. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Piper Sandler also remained covering PINS and has decreased its forecast on December 10, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. TD Cowen started covering the stock on November 26, 2024. It rated PINS as “a Buy”.
Price Performance Review of PINS
On Tuesday, Pinterest Inc [NYSE:PINS] saw its stock fall -2.04% to $29.79. Over the last five days, the stock has lost -8.08%. Pinterest Inc shares have risen nearly 2.72% since the year began. Nevertheless, the stocks have fallen -21.00% over the past one year. While a 52-week high of $45.19 was reached on 01/06/25, a 52-week low of $27.00 was recorded on 01/13/25. SMA at 50 days reached $30.69, while 200 days put it at $34.76.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 29.38, which if violated will result in even more drops to 28.97. On the upside, there is a resistance level at 30.35. A further resistance level may holdings at 30.91. The Relative Strength Index (RSI) on the 14-day chart is 44.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.23%. Stochastics %K at 34.45% indicates the stock is a holding.
How much short interest is there in Pinterest Inc?
A steep rise in short interest was recorded in Pinterest Inc stocks on 2024-12-31, growing by 9.54 million shares to a total of 28.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 19.24 million shares. There was a rise of 33.15%, which implies that there is a positive sentiment for the stock.
