In a filing, Pure Storage Inc revealed its Chief Product Officer Singh Ajay unloaded Company’s shares for reported $1.23 million on Dec 31 ’24. In the deal valued at $61.58 per share,19,972 shares were sold. As a result of this transaction, Singh Ajay now holds 262,144 shares worth roughly $18.37 million.
Then, Singh Ajay bought 19,972 shares, generating $1,229,939 in total proceeds.
Before that, FitzSimons Dan sold 8,895 shares. Pure Storage Inc shares valued at $570,258 were divested by the Chief Revenue Officer at a price of $64.11 per share. As a result of the transaction, FitzSimons Dan now holds 72,927 shares, worth roughly $5.11 million.
Piper Sandler upgraded its Pure Storage Inc [PSTG] rating to an Overweight from a a Neutral in a research note published on December 04, 2024; the price target was increased to $76 from $56. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who remained covering the stock and in early December has reiterated a ‘”an Overweight”‘ rating for it. TD Cowen also remained covering PSTG and reiterated its “Buy” recommendation on December 04, 2024. Stifel maintained its rating on December 04, 2024. It rated PSTG as “a Hold”.
Price Performance Review of PSTG
On Tuesday, Pure Storage Inc [NYSE:PSTG] saw its stock jump 5.70% to $70.08. Over the last five days, the stock has gained 11.97%. Pure Storage Inc shares have risen nearly 14.08% since the year began. Nevertheless, the stocks have risen 80.02% over the past one year. While a 52-week high of $70.41 was reached on 01/21/25, a 52-week low of $37.26 was recorded on 01/13/25. SMA at 50 days reached $59.37, while 200 days put it at $57.23.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 68.04, which if violated will result in even more drops to 66.00. On the upside, there is a resistance level at 71.15. A further resistance level may holdings at 72.22. The Relative Strength Index (RSI) on the 14-day chart is 67.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.05%. Stochastics %K at 90.30% indicates the stock is a selling.
How much short interest is there in Pure Storage Inc?
A steep rise in short interest was recorded in Pure Storage Inc stocks on 2024-11-15, growing by 0.37 million shares to a total of 9.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.9 million shares. There was a rise of 3.95%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 04, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $75.
