The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pinterest Inc shares valued at $8,763,297 were purchased by SCIARRA MANAGEMENT TRUST on Feb 07 ’25. At $39.69 per share, SCIARRA MANAGEMENT TRUST acquired 220,788 shares.
Also, Rajaram Gokul sold 1,150 shares, netting a total of over 34,994 in proceeds. Following the sale of shares at $30.43 each, the insider now holds 30,236 shares.
Before that, Rajaram Gokul had added 1,150 shares to its account. In a trade valued at $34,995, the Director bought Pinterest Inc shares for $30.43 each.
As published in a research note from The Benchmark Company on February 07, 2025, Pinterest Inc [PINS] has been rated up from a Hold to a Buy and the price target has been revised to $55. Analysts at Bernstein upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early February. As of January 13, 2025, Jefferies has decreased its “Buy” rating to a “Hold” for PINS. Earlier on January 10, 2025, Monness Crespi & Hardt upgraded its rating. Their new recommendation was “a Buy” for PINS stock which previously was a “a Neutral”.
Analyzing PINS Stock Performance
During the last five days, there has been a surge of approximately 17.42%. Over the course of the year, Pinterest Inc shares have jumped approximately 34.83%. Shares of the company reached a 52-week high of $40.90 on 02/07/25 and a 52-week low of $29.00 on 01/13/25. A 50-day SMA is recorded $31.99, while a 200-day SMA reached $34.78. Nevertheless, trading volume fell to 9.0 million shares from 14.9 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 38.76, which, if violated, would cause prices to drop to 38.43. In the upper region, resistance lies at 39.56. The next price resistance is at 40.03. RSI (Relative Strength Index) is 76.01 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.43, which suggests the price will increase in the coming days. Percent R is at 20.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
