Penumbra Inc’s recent filing unveils that its Director Grewal Harpreet unloaded Company’s shares for reported $40294.0 on Jan 03 ’25. In the deal valued at $241.28 per share,167 shares were sold. As a result of this transaction, Grewal Harpreet now holds 8,530 shares worth roughly $2.26 million.
Then, Kassing Don W. sold 170 shares, generating $40,603 in total proceeds. Upon selling the shares at $238.84, the Director now owns 665 shares.
Before that, Grewal Harpreet bought 167 shares. Penumbra Inc shares valued at $40,294 were divested by the Director at a price of $241.28 per share.
UBS initiated its Penumbra Inc [PEN] rating to a Buy in a research note published on January 21, 2025; the price target was $305. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering PEN and has increased its forecast on December 11, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Stifel started covering the stock on September 18, 2024. It rated PEN as “a Buy”.
Price Performance Review of PEN
On Monday, Penumbra Inc [NYSE:PEN] saw its stock fall -0.74% to $265.00. Over the last five days, the stock has lost -2.83%. Penumbra Inc shares have risen nearly 11.59% since the year began. Nevertheless, the stocks have risen 5.08% over the past one year. While a 52-week high of $277.89 was reached on 01/22/25, a 52-week low of $148.00 was recorded on 01/06/25. SMA at 50 days reached $250.55, while 200 days put it at $210.44.
Levels Of Support And Resistance For PEN Stock
The 24-hour chart illustrates a support level at 263.11, which if violated will result in even more drops to 261.21. On the upside, there is a resistance level at 266.95. A further resistance level may holdings at 268.89. The Relative Strength Index (RSI) on the 14-day chart is 57.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.52%. Stochastics %K at 70.42% indicates the stock is a holding.
How much short interest is there in Penumbra Inc?
A steep rise in short interest was recorded in Penumbra Inc stocks on 2025-01-15, growing by 88236.0 shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.78 million shares. There was a rise of 4.71%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 03, 2024 when Leerink Partners began covering the stock and recommended ‘”an Outperform”‘ rating along with a $263 price target.
