Pure Storage Inc’s recent filing unveils that 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 $12.56 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 $3.49 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 Monday, Pure Storage Inc [NYSE:PSTG] saw its stock fall -2.68% to $47.90. Over the last five days, the stock has lost -3.10%. Pure Storage Inc shares have fallen nearly -22.03% since the year began. Nevertheless, the stocks have fallen -15.86% over the past one year. While a 52-week high of $73.67 was reached on 01/22/25, a 52-week low of $44.76 was recorded on 03/10/25. SMA at 50 days reached $63.83, while 200 days put it at $58.89.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 46.85, which if violated will result in even more drops to 45.79. On the upside, there is a resistance level at 48.67. A further resistance level may holdings at 49.43. The Relative Strength Index (RSI) on the 14-day chart is 26.05, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.12%. Stochastics %K at 7.79% indicates the stock is a buying.
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.
