Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Penumbra Inc shares valued at $40,294 were sold by Grewal Harpreet on Jan 03 ’25. At $241.28 per share, Grewal Harpreet sold 167 shares. The insider’s holdings dropped to 8,530 shares worth approximately $2.59 million following the completion of this transaction.
Also, Kassing Don W. sold 170 shares, netting a total of over 40,603 in proceeds. Following the sale of shares at $238.84 each, the insider now holds 665 shares.
Before that, Grewal Harpreet had added 167 shares to its account. In a trade valued at $40,294, the Director bought Penumbra Inc shares for $241.28 each.
As published in their initiating research note from UBS on January 21, 2025, Penumbra Inc [PEN] has been a Buy and the price target has been revised to $305. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of December 11, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for PEN. Earlier on September 18, 2024, Stifel initiated its rating. Their recommendation was “a Buy” for PEN stock.
Analyzing PEN Stock Performance
During the last five days, there has been a surge of approximately 13.22%. Over the course of the year, Penumbra Inc shares have jumped approximately 27.91%. Shares of the company reached a 52-week high of $310.00 on 02/19/25 and a 52-week low of $222.59 on 01/06/25. A 50-day SMA is recorded $256.16, while a 200-day SMA reached $214.05. Nevertheless, trading volume fell to 1.82 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Penumbra Inc (PEN)
According to the 24-hour chart, there is a support level at 292.58, which, if violated, would cause prices to drop to 281.40. In the upper region, resistance lies at 312.47. The next price resistance is at 321.18. RSI (Relative Strength Index) is 77.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.33, which suggests the price will increase in the coming days. Percent R is at 12.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
