Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pinterest Inc shares valued at $34,994 were sold by Rajaram Gokul on Jan 15 ’25. At $30.43 per share, Rajaram Gokul sold 1,150 shares. The insider’s holdings dropped to 30,236 shares worth approximately $0.99 million following the completion of this transaction.
Also, Rajaram Gokul purchased 1,150 shares, netting a total of over 34,995 in proceeds.
Before that, Rajaram Gokul had sold 1,150 shares from its account. In a trade valued at $35,627, the Director traded Pinterest Inc shares for $30.98 each. Upon closing the transaction, the insider’s holdings decreased to 1,150 shares, worth approximately $1.03 million.
As published in a research note from Jefferies on January 13, 2025, Pinterest Inc [PINS] has been rated down from a Buy to a Hold and the price target has been revised to $32 from $40. Analysts at Monness Crespi & Hardt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 10, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for PINS. Earlier on November 26, 2024, TD Cowen initiated its rating. Their recommendation was “a Buy” for PINS stock.
Analyzing PINS Stock Performance
During the last five days, there has been a surge of approximately 7.18%. Over the course of the year, Pinterest Inc shares have jumped approximately 13.21%. Shares of the company reached a 52-week high of $32.88 on 01/06/25 and a 52-week low of $29.00 on 01/13/25. A 50-day SMA is recorded $30.53, while a 200-day SMA reached $34.65. Nevertheless, trading volume fell to 12.7 million shares from 11.38 million shares the previous day.
Support And Resistance Levels for Pinterest Inc (PINS)
According to the 24-hour chart, there is a support level at 31.75, which, if violated, would cause prices to drop to 30.66. In the upper region, resistance lies at 33.39. The next price resistance is at 33.95. RSI (Relative Strength Index) is 61.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.07, which suggests the price will increase in the coming days. Percent R is at 1.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
